SAN FRANCISCO Networking shares, led by JDSU and Juniper Networks, posted gains Wednesday after AT&T Chief Financial Officer John Stephens reiterated the company’s forecast for capital spending “in the $ 20 billion range” this year. “We’re not changing our guidance,” Stephens said at a tech conference sponsored by Oppenheimer. Networking companies have been hurt by weaker capital spending in the telecommunications industry, and there was speculation that AT&T may cut its outlook, ISI Group analyst Brian Marshall said. In a note, he said the “comments suggest no meaningful change in overall spending plans although it’s possible other factors could cause a temporary delay in spending.” JDSU shares were last trading up 9%, also getting a lift from upbeat results. Juniper added more than 2%, while Cisco rose 1%.
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