BAD QUARTER FROM JUNIPER (JNPR) SIMILAR TO CISCO (CSCO)
Juniper (JNPR) reports a bad quarter. Juniper reports Q2 EPS 31c vs. consensus 34c. Juniper reports Q2 revenue $1.12B vs. consensus $1.15B .
Juniper sees Q3 EPS 26c-30c vs. consensus 38c and Q3 revenue $1.07B-$1.12B vs. consensus $1.22B
The CEO of Juniper said, ‘œJuniper’s results reflect momentum in our routing business and a return to solid performance in switching. A number of factors, however, including mixed signals in the macro economy, impacted our performance this quarter.’
Juniper is now beginning to see same macro problems that Cisco (CSCO). Cisco is much bigger and its size explains why Cisco saw problems before Juniper did.… Please click here or the title below to read more.
July 26, 2011