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Juniper Networks Inc. (JNPR) Is Heading Lower On Weak Q3 Forecast

Juniper Networks Inc. (JNPR) reported second quarter adjusted EPS of $0.40 after the bell Tuesday, up from $0.29 a year ago. Analysts expected EPS of $0.38. The company expects to report third quarter adjusted EPS of $0.35 to $0.40, which is below the consensus estimate of $0.44. The stock is now down 1.29 on 557K shares.

Juniper Networks climbed until mid-morning Tuesday, before settling into a range. Shares finished up by 0.37 at $24.82. The stock rose to a 2-week high and re-crossed its 50-day moving average.

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