More on Juniper's (JNPR +8%) Q1 report: The company is guiding for Q2 revenue of $1.03B-$1.06B...

|About: Juniper Networks (JNPR)|By:, SA News Editor

More on Juniper's (JNPR +8%) Q1 report: The company is guiding for Q2 revenue of $1.03B-$1.06B and EPS of $0.15-$0.17 vs. a consensus of $1.05B and $0.20. Q1 product sales fell 9% Y/Y to $772M, while service revenue rose 16% to $261M. Router sales (62% of product revenue) fell 21% Y/Y (likely share losses to Cisco), offsetting a 23% increase in switch sales (boosted by QFabric) and slightly higher security/other revenue. Enterprise and service provider sales both fell. (PR)