Network gear maker Juniper Networks Inc forecast third-quarter revenue and profit below analysts' expectations, citing delays in closing sales deals at some North American customers.Juniper shares were down 5 percent at $23.59 in extended trading on Tuesday."Specifically, within U.S.-based service providers, their market dynamics including M&A activities are impacting both sequencing and timing of projects," Chief Executive Shaygan Kheradpir said on a post-earnings conference call.Juniper, whose clients include Verizon Communications Inc and AT&T Inc, forecast adjusted profit of 35-40 cents per share on revenue of $1.15 billion-$1.2 billion.
Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure. Shares of JNPR traded higher by 1.51% or $0.37/share to $24.82. In the past year, the shares have traded as low as $18.36 and as high as $28.75. On average, 6352180 shares of JNPR exchange hands on a given day and today's volume is recorded at 10024431.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.06% or $-0.02/share to $35.94. In the past year, the shares have traded as low as $31.74 and as high as $36.86. On average, 22446300 shares of T exchange hands on a given day and today's volume is recorded at 18185674.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.55% or $0.28/share to $50.98. In the past year, the shares have traded as low as $45.08 and as high as $51.94. On average, 15136400 shares of VZ exchange hands on a given day and today's volume is recorded at 15037383.
Source
