Juniper Networks shares dip 3% on flat sales

Juniper Networks Inc.
JNPR,
-5.36%
shares were down 3% in after-hours trading Thursday after the computer-networking company reported fiscal fourth-quarter results. Juniper reported net earnings of $30.8 million, or 53 cents a share, compared with net income of $168.4 million, or 49 cents a share, in the year-ago quarter. Revenue inched up 1% to $1.22 billion from $1.21 billion a year ago. Analysts surveyed by FactSet had expected earnings of 53 cents a share on revenue of $1.19 billion. Juniper shares are up 14% over the last 12 months. The broader S&P 500 index
SPX,
+0.98%
has improved 15% in the last year.