The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

The Law Firm of Levi & Korsinsky Announces Class Action Lawsuit Against Juniper Networks, Inc.

Thursday, August 18, 2011

The Law Firm of Levi & Korsinsky Announces Class Action Lawsuit Against Juniper Networks, Inc.16:43 EDT Thursday, August 18, 2011 NEW YORK (Business Wire) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Juniper Networks, Inc. (“Juniper” or the “Company”) (NYSE: JNPR) common stock from July 20, 2010 through July 26, 2011. For more information, click here: http://zlk.9nl.com/juniper-networks. The complaint alleges that during the class period, Juniper and certain of its officers and directors issued misleading statements assuring investors that the Company was well positioned to deliver against its long-term model of 20 percent or higher revenue growth and 25 percent or higher operating margin. Defendants failed to disclose negative trends in Juniper's business, including technical issues with certain of its products, turnover in its sales force, and increased competition in the marketplace. As a result of these misleading statements Juniper's stock traded at artificially inflated prices. On July 26, 2011, Juniper issued a press release acknowledging disappointing financial results for the second quarter of 2011 and also lowered its revenue guidance for the full year to an estimated growth of between 12 and 14 percent. Following this news, shares of Juniper stock fell more than $6.00 to close at $24.66 per share. If you are a member of the class and suffered a loss in Juniper stock, you have until October 17, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/juniper-networks-jnpr.html. Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com