Juniper Networks (JNPR) Huge Drop on Earnings Report After Hours Nice Short

http://www.StockMarketFunding.com Juniper Networks (JNPR) Huge Drop on Earnings Report After Hours Nice Short Live Stock Market Trading Video. Live coverage of Juniper Networks's earnings. Recorded 10/19/2010 Juniper Drops on Q3 Revenue Miss; Year View Light. Juniper Networks (JNPR) are down $1.55, or 5%, at $28.99, and were lower than that at one point, after the company this afternoon reported revenue short of analysts' estimates, and offered a somewhat weak year revenue projection.

Juniper's Q3 revenue was up 23% from the prior-year period, at $1.01 billion, with profit per share coming in at 32 cents, excluding some costs; analysts had been expecting $1.02 billion and 32 cents.

Juniper's non-GAAP operating margin improved slightly to 24.1% from 23.9% in the prior-year period, the company said, while non-GAAP product gross margin was also higher, at 69.5%. Revenue rose across all the company's geographic regions of operation.

CEO Kevin Johnson said he expected customer demand to "remain healthy."

For the year, Johnson said Juniper foresaw revenue rising "20% or higher," though that is below analysts' projections for revenue to rise 21%, to $4.01 billion. Juniper Networks is a member of the "S&P 500 Index".

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