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.

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