Juniper First-Quarter Sales Miss Forecast on Telecom Shortfall

Juniper Networks Inc. said sluggish demand for networking equipment from corporate customers and telecommunications providers caused first-quarter profit and revenue to fall short of forecasts.

Sales came in at $1.09 billion to $1.1 billion, less than the company’s earlier projection for revenue of $1.15 billion to $1.19 billion, Sunnyvale, California-based Juniper said in a statement Monday, citing preliminary results. Profit excluding certain costs was 35 cents to 37 cents a share, compared with a prior forecast for 42 cents to 46 cents.