Shares of Juniper Networks drop 10% on weak guidance

Shares of Juniper Networks drop 10% on weak guidance

5 years ago
Anonymous $dicfOfy7s2

https://www.cnbc.com/2018/07/27/shares-of-cloud-company-juniper-networks-drop-on-weak-guidance.html

Juniper Networks shares dropped on Friday after the company reported disappointing guidance for the third quarter, weighed down by delayed deployment of their automated multicloud-sharing platform.

The data company estimated earnings would be between 41 cents and 47 cents per share for the next quarter, below a consensus estimated 43 to 55 cents by Thomson Reuters. The company said it expects costs of its Cloud Solutions to impact third-quarter earnings.