Juniper sales slide, outlook disappoints investors

Network equipment maker Juniper Networks Inc's reported a double-digit fall in revenue and a decline in gross margin as it struggled with weak technology spending, and gave an outlook that disappointed investors looking for stronger signs of a recovery,

The company, which competes with bigger rival Cisco Systems Inc in making routing and switching products, forecast earnings per share excluding special items to be between 19 cents and 21 cents in the third quarter, on revenue of $770 million to $805 million.

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