Juniper Networks' first-quarter forecast disappoints, shares slide

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Shares of Sunnyvale, California-based Juniper fell more than 9 percent in after-hours trading. The weak forecast was only due to deployment delays from cloud customers and "not about a loss of share or footprint to the competition", Juniper Chief Executive Rami Rahim said on a post-earnings call. Like larger rival Cisco Systems Inc, Juniper has been focusing on areas such as cloud computing to offset softness in the switches and routers markets.

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