Juniper Networks cut its sales and earnings outlook for the fourth quarter based on "weaker than expected router demand from service providers."
The company said fourth quarter revenue will be $1.11 billion to $1.12 billion compared to its previous sales outlook of $1.16 billion to $1.22 billion.
Juniper also cut its earnings outlook. The company sees non-GAAP earnings of 26 cents a share to 28 cents a share. Juniper had projected earnings of 32 cents a share to 36 cents a share.
Specifically, Juniper said that U.S. service provider demand was weak, but all geographies slipped.
In a statement, Juniper CEO Kevin Johnson said:
2011 was a record year of revenue for Juniper, even though our fourth quarter revenue was weaker than expected due to service provider demand. We remain committed to our strategy of innovation in high-performance networking as we continue to manage costs and drive excellence in execution.
Juniper reports earnings on Jan. 26.