Ryan & Maniskas, LLP (
) announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of the purchasers of Juniper Networks, Inc. ("Juniper" or the "Company") (NYSE: JNPR) who purchased shares between July 20, 2010 and July 26, 2011, inclusive (the "Class Period").
For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
Juniper designs, develops, and sells products and services that provide network infrastructure used for the deployment of services and applications over a single Internet Protocol based network worldwide. The Complaint alleges that during the Class Period, Juniper issued materially false and misleading information concerning the Company's business practices and financial results. Defendants repeatedly assured investors that Juniper was well positioned to deliver against its long-term model of 20% or higher revenue growth and 25% or higher operating margin, while failing to disclose negative trends in Juniper’s business. As a result of defendants’ false statements, Juniper’s stock traded at artificially inflated prices during the Class Period.
Then on July 26, 2011, Juniper issued a press release reporting disappointing financial results which were far below previous guidance. On this news, shares of Juniper dropped 21% to close at $24.66 per share.
If you are a member of the class, you may, no later than October 15, 2011, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.