Juniper Lowers 2011 Financial Outlook
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While networking innovations continue to come from Juniper Networks, the market for those innovations could be slowing down in the second half of this year.
Juniper reported their second quarter fiscal 2011 results late Tuesday with net revenues coming in a $1.12 billion for a 15 percent year-over-year increase. Net Income was reported at $115.6 million or $0.21 per share which is a decline from the $130.5 million reported for the second quarter of 2010.
"Revenue growth was below our expectations due to the relative weakness in enterprise security demand and lower than expected demand from our U.S. service providers," Juniper CFO Robyn Denholm said on the company's earnings call. "This was partially offset by strength in enterprise switching, including our wireless LAN products and routing."