Juniper misses revenue estimates on weak networking gear demand
By
Biju Kumar
Juniper Networks missed Wall Street estimates for first-quarter revenue on Thursday, hit by sluggish demand for the networking gear maker’s products in an uncertain economy.
Weak demand from inflation-hit wireless carriers and cable operators, as well as stiff competition from Cisco Systems , Arista Networks and chip designer Nvidia in the networking space has been a drag on Juniper.