Cisco, Microsoft, Citi, Nokia Lead Heaviest Traded Stocks Jan 27th
Cisco Systems, Inc. (NASDAQ:CSCO): Juniper (NYSE:JNPR), which develops network infrastructure products, reported Q4 EPS of 28c, versus analysts’ consensus estimate of 28c. However, Juniper’s Q4 revenue came in slightly lower than expected, and the company provided Q1 adjusted EPS guidance of 11c-14c, versus the consensus estimate of 26c. The EPS guidance excludes several items, including share-based compensation expenses, acquisition related charges, restructuring charges, and impairment charges. Juniper also provided lower than expected Q1 revenue guidance. “The December quarter was an atypical and unexpectedly weak finish to the year, with reduced spending by some of our largest customers,” said Juniper CFO Robyn Denholm. “While long-term industry fundamentals remain strong, we expect the near-term environment to remain challenging,” Denhiolm added. The company added that its Q1 guidance reflects the potential effects of near-term macro economic uncertainty on customer demand. In mid-morning trading, Juniper slumped $2.00, or 8.94%, to $20.27. Meanwhile, Cisco (NASDAQ:CSCO), which competes with Juniper, declined 1.97% to $19.44.
Microsoft Corporation (NASDAQ:MSFT): Twitter Inc. says it’s now able to make content selectively available to users based on geography, and plans to use that to enter countries with “different ideas” about freedom of expression as a human right, reports the Wall Street Journal. Twitter said it would take measures to notify users if it withholds posts.
Citigroup Inc. (NYSE:C): The European Commission will tell Treasury Secretary Timothy Geithner that the so-called “Volcker rule,” which would restrict U.S. banks from making bets with their own capital, could increase funding costs for the region’s governments and worsen its crisis, according to an interview with Michel Barnier, the European commissioner for the internal market, reported The Wall Street Journal.
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