Juniper Networks has lowered its revenue target for the fiscal third quarter ended September 30, 2017 — primarily due to lower than expected revenue in its cloud vertical.
Juniper Networks said quarterly revenue for the third quarter of 2017 is now expected to be in the range of $1,250 million to $1,260 million, below the company’s previous guidance of $1,290 million to $1,350 million.
Juniper Networks expects non-GAAP net income per diluted share of $0.54 to $0.56, compared to the company’s previous guidance of $0.55 to $0.61 per diluted share.
“We are confident in our company strategy, product roadmap and strong positioning with our cloud provider customers as we continue to navigate and disrupt a very dynamic industry,” said Rami Rahim, chief executive officer of Juniper Networks.
Juniper Networks will release full preliminary third quarter financial results on Tuesday, October 24, 2017 after the close of the market.