Juniper Plunges on Outlook Fears
Juniper Networks Inc. lost about a fifth of its market value Wednesday, a day after the networking company said economic concerns are pressuring business and government spending.
The comments from the Sunnyvale, Calif., company raised concern about second-half spending on networking products and weighed on the sector’s stocks Wednesday. Industry giant Cisco Systems Inc., which has talked about the economy’s “mixed signals” and air pockets for almost a year, fell 3.7 percent.
