Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Juniper: Oppenheimer Upgrades

Oppenheimer analyst Ittai Kidron this morning raised his rating on Juniper Networks (JNPR) to Outperform from Perform, setting a $36 price target. The stock closed yesterday at $30.54. The upgrade follows the company’s Q3 earnings report yesterday after the close.

“Juniper reported in-line Q3 results and Q4 guidance, and while the lack of sales upside may be disappointing, it primarily reflects timing rather than underlying demand weakness,” he writes in a research note. Kidron contends the company has “a good chance of achieving its 20% growth target.”

Adds Kidron: “We like Juniper’s growth profile ahead of a favorable product cycle, share gain potential and margin expansion opportunities. We would take the opportunity to buy Juniper on weakness and establish a long-term position.”
Print the post  


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.