Juniper warns on 4Q

December 20, 2001 Posted: 1406 GMT

SUNNYVALE, Calif. (Reuters) -- Networking company Juniper Networks Inc. said Thursday its fourth-quarter earnings will fall short of Wall Street forecasts by 50 percent and revenue also will be disappointing.

Juniper (JNPR: down $0.33 to $22.93, Research, Estimates) said it expects revenue of $150 million to $155 million, down from its earlier guidance of $200 million.

The company projected earnings of about 5 cents per share. Analysts' consensus estimate is 10 cents per share, with forecasts ranging from 8 cents to 11 cents, according to 31 brokers polled by First Call.

Juniper said its revised expectations resulted from caution on the part of its service provider and customers, given current market conditions.

Juniper shares ended Wednesday at $22.93 on Nasdaq.