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Tuesday, July 22, 2014

Juniper says network gear sales delays to hit revenue, (NYSE: JNPR)

Juniper Networks Inc forecast current-quarter revenue and profit below analysts' expectations, citing delays in closing the sale of its routing devices to some customers in North America.Juniper's shares fell 5 percent in extended trading.Chief Executive Shaygan Kheradpir said "market dynamics", including mergers and acquisitions, were impacting the timing of projects undertaken by some U.S.-based service providers to which Juniper sells its network equipment."The impact is going to be more on our routing, rather than switching and security," he said on a post-earnings conference call.

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, 6427080 shares of JNPR exchange hands on a given day and today's volume is recorded at 10026784.