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
