Source: Gilman and Pastor, LLP
August 25, 2011
BOSTON, MA – Gilman and Pastor, LLP announces that a lawsuit seeking class action status 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”).
If you purchased or otherwise acquired JNPR shares during the Class Period and either lost money on the transaction or still hold the shares, you may contact Gilman and Pastor by no later than October 15, 2011 to discuss your rights, including as to the recovery of your losses, or to obtain additional information, at www.investment-losses.com, by email at email@example.com or by calling toll-free (888)252-0048.
The Complaint alleges that during the Class Period, Juniper issued materially false and misleading information concerning the Company’s business practices and financial results. Juniper 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. Nonetheless, Juniper failed to disclose negative trends in Juniper’s business. As a result of the Company’s misleading statements, Juniper’s stocks traded at artificially high 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, the JNPR stock dropped drastically by 21% to close at $24.66 per share.