Juniper Tanks After Lowered Guidance

Juniper Networks, Inc. JNPR shares are trading lower by $1.86 (7.6 percent) at $23.03 in Tuesday's session. After the close on Monday, the company slashed Q1 EPS and sales guidance.

In a choppy session, it has found support at $22.40, which is well ahead of its February 16 low at $22.01. On the upside, it has not been able to come anywhere near the bottom part of Monday's range, which was $24.80.