Juniper shows solid recovery in switching market

Juniper Networks CEO Kevin Johnson has talked of growing momentum in the vendor's routing business and "a return to solid performance in switching" after the firm booked solid growth in both sales and GAAP net profits. However, Johnson noted that a number of factors, including "mixed&

Juniper Networks CEO Kevin Johnson has talked of growing momentum in the vendor's routing business and "a return to solid performance in switching" after the firm booked solid growth in both sales and GAAP net profits.

However, Johnson noted that a number of factors, including "mixed" macro-economic signals, impacted the firm's performance in the three months to 30 June.

Juniper made sales of $1.12bn, up 15 per cent on Q2'10 and 2 per cent from Q1 this year. GAAP net income was 21 cents per share, or $115.6m, up 3 per cent year-on-year but down 3 per cent sequentially.

However, Juniper, which has performed well in recent months, to some extent at the expense of larger rival Cisco, said it's forecast for the third quarter would reflect some near-term market weakness due mainly to the timing of some key service provider deployments.

It expects sales to 30 September to be roughly flat, and paid for it on the Street, with stock down nearly 20 per cent.

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