Here’s Why Alcoa Inc (AA) and 4 Other Stocks Are in the Red Today

Juniper Networks, Inc. (NYSE:JNPR) shares are 9% in the red in this morning after the tech company warned that its first quarter financial results could be a little lighter than expected. For the time period, Juniper now expects EPS of $0.35-to-$0.37 and revenue of $1.09 billion-to-$1.10 billion, while previous guidance had called for $0.42-to-$0.46 in EPS and $1.15 billion-to-$1.19 billion in revenue. The company cited weaker than anticipated demand from the enterprise sector and unfavorable timing of deployments among certain EMEA and U.S. Tier 1 telecoms. Juniper is set to release its official earnings on April 28. The number of funds in our database long Juniper Networks, Inc. (NYSE:JNPR) fell by six to 35 during the fourth quarter.

Shares of Fastenal Company (NASDAQ:FAST) have fallen by 3% this Tuesday morning after the company reported slightly lower-than-expected first quarter results. For the quarter, Fastenal’s EPS came in at $0.44, missing estimates by $0.01, while sales came in at $986.68 million, missing analysts’ forecasts by $1.92 million. Daily sales rose by 1.9% to $15,417. The weak global economy played a part in the earnings miss. 13 funds that we track owned $362.75 million of Fastenal Company (NASDAQ:FAST)’s shares on December 31, which accounted for 3.10% of the float .

L Brands Inc (NYSE:LB) has retreated by 3% this morning after analysts at Goldman Sachs downgraded the stock to ‘Neutral’ from ‘Buy’. The investment bank’s analysts think the major restructuring initiative at the company will likely send near-term sales lower and postpone a rally in the stock. They also cut their price target on the stock to $91 per share from $115 per share. Shares of L Brands Inc (NYSE:LB) are already off by more than 15% year-to-date. 24 of the 785 or so funds that we monitor owned $1.93 billion of L Brands’ shares at the end of the fourth quarter, down from 26 funds with $2.21 billion in holdings at the end of the third quarter.

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