Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Juniper: Piper Turns Bullish

Piper Jaffray analyst Troy Jensen this morning raised his rating on Juniper Networks (JNPR) to Overweight from Neutral, while repeating his $31 price target.

“Our upgrade has less to do with Q2 results or Q3 guidance, but is more related to our longer-term outlook for networking equipment suppliers and an attractive entry point for JNPR shares,” he writes in a research note. “We believe infrastructure suppliers are benefiting from the start of a significant upgrade cycle, driven by the rapid adoption of bandwidth thirsty applications (video, smart-phones, netbooks). We anticipate Juniper’s routing business will benefit from these trends, but expect it to capture incremental market share in the enterprise and carrier switching markets.”

Jensen thinks the company will meet or exceed the Q2 consensus estimates of $954 million in revenue and profits of 29 cents a share.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.