Juniper Networks lowered its revenues guidance for the third quarter, saying it now expects revenues at USD 1.10-1.12 billion, from the 1.15-1.20 billion previously forecast. The company attributed the decline mainly to lower-than-anticipated demand from service providers, particularly in the US. Non-GAAP earnings per diluted share are now seen at USD 0.34-0.36, from the previous guidance of 0.35-0.40, with the decline softened by the company's continued focus on cost reduction initiatives and the benefit of reduced variable compensation for the quarter. Juniper will report Q3 results on 23 October.
