Juniper Networks updated its financial outlook for its quarter ended March 31, 2016, saying revenue is now expected to be in the range of $1,090 million to $1,100 million, below its previous guidance of $1,150 million to $1,190 million.
Juniper cited weaker than anticipated demand from Enterprise customers and the timing of deployments of certain U.S. and EMEA Tier 1 Telecoms. The company now expects non-GAAP net income per diluted share of $0.35 to $0.37, compared to the Company’s previous guidance of $0.42 to $0.46 per diluted share.
“Although we expect results to be lower than our initial guidance for the first quarter, we remain constructive on fiscal 2016 and expect growth from new products to contribute to our topline, coupled with our ongoing focus on cost discipline to drive non-GAAP operating margin expansion for the full year,” stated Rami Rahim, chief executive officer of Juniper Networks.
