San Diego, Aug 24, 2011 (Shareholders Foundation) -- Certain directors and officers of Juniper Networks are under the investigation on behalf of current long term investors in NYSE JNPR shares over possible breaches of fiduciary duties.

The investigation by a law firm for current long term investors in JNPR stocks follows a lawsuit filed earlier this months by shareholders who purchased their JNPR shares only between July 20, 2010 and July 26, 2011. The investigation on behalf of current long term investors in JNPR stocks, including those who purchased JNPR stocks prior to July 2010 and presently hold those shares, concerns whether certain Juniper Networks officers and directors are liable in connection with the allegations made in the lawsuit filed only for investors who purchased their JNPR shares only between July 20, 2010 and July 26, 2011. According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Juniper Networks, Inc. (NYSE:JNPR) common stock during the period between July 20, 2010 and July 26, 2011, that Juniper Networks, Inc. violated the Securities Exchange Act of 1934 by issuing between July 20, 2010 and July 26, 2011, materially false and misleading statements regarding its business practices and financial results.

Specifically, the plaintiff claims that defendants repeatedly assured investors that Juniper Networks was well positioned to deliver against its long-term model of 20% or higher revenue growth and 25% or higher operating margin, while allegedly failing to disclose negative trends in Juniper Networks business.

The plaintiff alleges that as a result of defendants' false statements, NYSE JNPR stock traded at artificially inflated prices between July 20, 2010 and July 26, 2011, reaching a high of $44.46 per share on March 8, 2011.
Then, after the market closed on July 26, 2011, Juniper Networks issued a press release reporting its second quarter 2011 financial results. In addition, the Company provided its guidance for the third quarter of 2011 and lowered its revenue guidance for the full year to growth of between 12% to 14%. The plaintiff alleges that the second quarter 2011 financial results and revenue guidance were disappointing and its guidance is far below Juniper Networks long-term model of 20% revenue growth.

Shares of Juniper Networks, Inc. (NYSE: JNPR) dropped from a close of $31.17 on July 26, 2011 to as low as $24.54 the very next day and fell under $20 during August 19, 2011.