By Telecom Lead Team:
Juniper Networks announced preliminary financial results for the fourth quarter
of 2011, are now expected to be below the company’s outlook issued on October
24, 2011.
Revenue is now expected to be in the range of $1,110 to
$1,120 million, compared to the company’s prior expectation of $1,160 to $1,220
million. Non-GAAP EPS is now expected to be in the range of $0.26 to $0.28 per
diluted share, compared to the company’s prior expectation of $0.32 to $0.36.
Non-GAAP operating margin is expected to be below the company’s prior outlook
of 21 percent to 23 percent due to lower than expected Non-GAAP gross margins
which were impacted by reduced revenue.
“2011 was a record year of revenue for Juniper, even
though our fourth quarter revenue was weaker than expected due to service
provider demand,” said Kevin
Johnson, chief executive officer of Juniper Networks.
Although the company’s results are not yet finalized,
fourth quarter performance is below the company’s previous outlook. The demand
for router was weaker than expected from service providers especially from US,
which affected company’s fourth quarter revenue. In addition, product
book-to-bill was approximately 1.
The company will provide full preliminary Q4 2011
financial results and commentary about these results on January 26, 2012 after
the close of the market.
Juniper Networks recently announced
that Bajaj Capital deployed an integrated wired and wireless campus network
running on the Juniper Networks Junos operating system.
editor@telecomlead.com
