Juniper Q2 Beats, Shares Crumble Eight Percent Anyway
It’s a terrible day to be some big tech company, folks. Following disappointing quarterly reports by Microsoft (MSFT) and Amazon.com (AMZN) that sent their shares down eight percent this evening, Juniper Networks (JNPR), a $14 billion (market cap) competitor to Cisco Systems (CSCO) this evening reported sales and profit for its Q2 that beat estimates, and a better-than-expected forecast, but it wasn’t enough for the stock.
Juniper shares fell $2.30, or 8.7 percent, to $24.25 in after-hours trading, after rising four percent during the regular session.
