Revenues expected to be $1.09 billion–$1.10 billion
On April 11, 2016, Juniper Networks (JNPR) announced weaker 1Q16 guidance driven by weak demand and the “unfavorable timing” of customer adoption of the company’s products. In 1Q16, Juniper expects to report revenues in the range of $1.09 billion–$1.10 billion and earnings per share (or EPS) of $0.35–$0.37.
In comparison, Juniper had earlier expected revenues in the range of $1.15 billion–$1.19 billion and EPS of in the range of $0.42–$0.46.
Lower demand in the enterprise segment
Juniper stated that its lower guidance was primarily driven by lower than anticipated demand in the company’s enterprise segment as well as the timing of deployments of US and EMEA (Europe, the Middle East, and Africa) Tier I telecommunications providers.
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