Artificial IntelligenceCryptocurrencyMetaverseCybersecurityTech Forward

Juniper Earnings Disappoint As Enterprise Demand Falls

April 11, 2016, 8:46 PM UTC
Photograph by Mario Tama—Getty Images

Network gear maker Juniper Networks estimated lower-than-expected quarterly profit and revenue, hurt by weak demand from enterprise as well as U.S. and European telecom customers.

The company said it expected first-quarter revenue of $1.09 billion-$1.10 billion and adjusted profit of 35 cents-37 cents per share.

Analysts on average were expecting a profit of 45 cents per share and revenue of $1.18 billion, according to Thomson Reuters.