Been slowly selling off my JNPR position, I thought this whole european mess was a headfake after ADBE missed on Europe but since then we've seen softness in EMEA from FTNT, RVBD, and FFIV. These 3 companies are highly levered to JNPR's businesses switch, router, and security. I think Kevin Johnson (JNPR's CEO) had something in mind when he mentioned that this year would be back end loaded, and maybe that was the precursor for the rest of these companies announcing terrible results. I would most likely stay out of the way when JNPR reports, as strong secular results could lead to a massive upside move but they are more likely to miss in the near term and come off slightly given much of the downside is priced in. If JNPR comes off after earnings I would be a buyer given their strong pipeline of products coming in 2012, but it seems that everyone else would already agree with me on that one.