Juniper Drops After Sales, Forecasts Fall Short of Estimates
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Juniper Networks Inc. tumbled the most in more than a decade after the second-largest maker of Internet networking equipment reported sales and profit that missed estimates after customers put off buying new gear.
Juniper’s shares plunged $6.51, or 21 percent, to $24.66 at 4 p.m. on the New York Stock Exchange, for the biggest drop since November 2000. The stock has fallen 33 percent this year.