Rich1, a bunch of stuff out on the earnings. Looks like they didn;t like the news, but the CC must be going okay as it is trading up in AH. Getting closer to my 35 cover of most my position.
I don't have time to read all the news now, I have a tennis match I need to go to. Take care.
Here is One my bias POV decided to post. P.S. I could have posted the revenues miss article-g-
Juniper Q2 results meet reduced expectations
SUNNYVALE, Calif., July 12 (Reuters) - Juniper Networks
Inc. <JNPR.O>, the No. 2 maker of Internet routers, on Thursday
reported second-quarter results in line with sharply reduced
expectations.
Before one-time charges, Juniper reported earnings per
share of 9 cents, in line with its reduced guidance. Analysts
had forecast earnings on that pro-forma basis of between 7
cents to 9 cents, according to Thomson Financial/First Call.
Juniper reported revenue of $202.2 million for the quarter
ended June 30, down 39 percent from the prior quarter and at
the low end of the forecast the company issued on June 8, when
it said that telecommunications customers were buying equipment
more slowly and negotiating more aggressively on pricing.
At the time of Juniper's June 8 earnings warning, the
Sunnyvale, California-based company had offered no guidance for
the second half of the year and its quarterly profit
announcement did not include any new detail on the outlook for
its business. Juniper competes against networking giant Cisco
Systems Inc. <CSCO.O> in the market for Internet routers.
((Kevin Krolicki, Los Angeles bureau, 213 955 6760, fax 213
622 0056))
REUTERS
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