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Actionable news in JNPR: JUNIPER NETWORKS INC,

Juniper Networks (JNPR) Stock Plummets on Q1 Forecast, UBS Downgrades

NEW YORK (TheStreet) -- Juniper Networks (JNPR - Get Report) stock is getting hammered, down 8.16% to $22.86 on heavy trading volume Tuesday, after the company yesterday cautioned that its 2016 first quarter earnings and revenue will likely fall short of estimates.

It now expects earnings to be between 35 cents and 37 cents a share for the period, below its previous outlook range of 42 cents and 46 cents a share.

Revenue is projected to be between $1.09 billion to $1.1 billion, compared to its previous forecast of between $1.15 billion and $1.19 billion.

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