Juniper Declines After Missing Some Estimates
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Juniper Networks Inc. fell after the second-biggest maker of computer-networking equipment forecast profit and sales that were below some estimates amid weak sales to telecommunications providers and big companies.
Juniper’s stock declined 8.6 percent to $15.87 at 12:51 p.m. in New York, and earlier touched $15.62 for the biggest intraday decline since January 2012. Through yesterday, the shares had declined 12 percent so far this year, compared with an 11 percent advance in the Standard & Poor’s 500 Index.