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Why is Juniper Networks Inc (JNPR) Stock down?

28 Jul, 2023:

Juiper Network (JNPR) shares fell 6.94% after reporting robust Q2 2023 results. The results beating estimates on revenue and earnings. However, Cloud vertical showed decline. Q3 outlook anticipates soft demand in Cloud and Service provider verticals. 2023 revenue growth forecast revised to 5-6% with a non-GAAP gross margin greater than 58%.

https://finance.yahoo.com/news/juniper-jnpr-q2-earnings-beat-144900090.html

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