Revenues declined 6% year-on-year to $1.18 billion during the three-month period, dragging operating margins sharply. The top-line was broadly in line with estimates.
“While our Q4 outlook is being impacted by the pace of deployments at several cloud customers, we believe this is a temporary headwind and remain confident that we have the right products and strategy in place to grow the business in 2019,” said CEO Rami Rahim.
Juniper stock opened the day sharply lower and remained subdued throughout the session. The stock gained about 11% over the past twelve months.
ADVERTISEMENT