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Juniper Networks raises forecast

SAN FRANCISCO
Tue Oct 23, 2007 5:49pm EDT

SAN FRANCISCO (Reuters) - Juniper Networks Inc JNPR.O on Tuesday raised its revenue forecast for the fourth quarter but said it expects gross profit margins to decline from the third quarter.

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The maker of routers for the Internet now expects fourth-quarter revenue of $770 million to $790 million, Chief Financial Officer Robyn Denholm told analysts on a conference call after the company reported third-quarter results.

Denholm said Juniper expects fourth-quarter earnings per share, before items, of 24 cents. Analysts, on average, are expecting fourth-quarter earnings before items of 23 cents per share, according to Reuters Estimates, and revenue of $751.3 million.

(Reporting by Philipp Gollner)
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