Juniper Networks, Inc. (JNPR) Securities Litigation
Gilman Law 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 by email at firstname.lastname@example.org 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 when 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.
For over 30 years, Gilman Law LLP has represented institutional and individual investors in class actions, complex securities and corporate governance litigation. The firm has been a champion of investor rights and has been recognized for its reputation for excellence by the courts. You may retain Gilman Law without financial obligation or cost to you, or you may retain other counsel of your choice.
If you have any questions or would like additional information, please contact Gilman Law Offices by email at email@example.com, or by calling toll-free (888) 252-0048.
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