This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Juniper, Liz Claiborne: After-Hours Trading

Stocks in this article: JNPR LIZ AA CRUS SMSC

NEW YORK ( TheStreet) -- Shares of Juniper Networks (JNPR) fell in late trades on Monday after the communications networking equipment maker lowered its fourth-quarter outlook, citing weak demand from service providers.

Juniper now sees non-GAAP earnings of 26 to 28 cents a share in the quarter on revenue ranging from $1.11 billion to $1.12 billion. On Oct. 24, the company forecast non-GAAP earnings of 32 to 36 cents a share for the period on revenue of between $1.16 billion to $1.22 billion.

The current average estimate of analysts polled by Thomson Reuters is for a profit of 34 cents a share in the December-ended period on revenue of $1.19 billion.

Juniper said the router demand weakness wasn't limited to a single geography but added that a "significant portion" of the impact was from U.S. service providers. The company, which plans to report its full results on Jan. 26, also now sees non-GAAP operating gross margin coming in below its prior projection of 21% to 23% because of lower revenue view.

The stock was last quoted at $21.01, down 2.4%, on after-hours volume of 1.2 million, according to Nasdaq.com. The shares ran as low as $18.55 earlier in the extended session.

Based on Monday's regular session finish at $21.53, Juniper shares had already lost more than 45% in the past year, although that reflects a bounce of nearly 30% off a 52-week low of $16.67 set back in early October.

Wall Street was split on the stock ahead of the warning with 21 of the 39 analysts covering Juniper at either hold (19), underperform (1) or sell (1). The median 12-month price target of $25 reflects some underlying optimism however. At current levels, the stock is trading at a forward price-to-earnings multiple of 15X.

Liz Claiborne

Shares of Liz Claiborne (LIZ) tumbled in the extended session after the company gave a disappointing financial outlook because of negative same-store sales performance and soft margins for its Juicy Couture brand, and said Chief Financial Officer Adam Warren is leaving by mutual agreement.

The company now sees fiscal 2011 pro forma adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) at the low end of its previously disclosed range of $80 million to $90 million. Direct-to-consumer same-store sales for Juicy Couture were down 7% and 5% in November and December respectively, vs. gains of 81% and 39% for its kate spade and 16% and 21% for its Lucky Brand.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,079.40 +49.19 0.27%
S&P 500 2,090.27 +8.39 0.40%
NASDAQ 4,803.6890 +30.2170 0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs