Goldman Sachs Bumps Price Target on Juniper (JNPR) Higher Despite Weaker Guidance
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Price: $17.51 -0.4%
Rating Summary:
14 Buy, 22 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Rating Summary:
14 Buy, 22 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Trade JNPR Now!
Goldman Sachs bumped its price target on Juniper Networks (NYSE: JNPR) from $19 to $20 following a solid Q1, but weaker guidance. The firm maintained their Neutral rating.
The firm comments, "view the quarter as supportive of our concerns around muted QFabric adoption, but somewhat alleviating our concerns around Juniper’s competitive position in routing near term."
FY12 EPS goes from $0.50 to $0.44, FY13 goes from $0.84 to $0.81 and FY14 goes from $0.98 to $0.93. However, revenues estimates go up an average of 3% on stronger-than-expected routing sales.
For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.
Shares of Juniper Networks closed at $21.63 yesterday, with a 52 week range of $16.67-$40.40.
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The firm comments, "view the quarter as supportive of our concerns around muted QFabric adoption, but somewhat alleviating our concerns around Juniper’s competitive position in routing near term."
FY12 EPS goes from $0.50 to $0.44, FY13 goes from $0.84 to $0.81 and FY14 goes from $0.98 to $0.93. However, revenues estimates go up an average of 3% on stronger-than-expected routing sales.
For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.
Shares of Juniper Networks closed at $21.63 yesterday, with a 52 week range of $16.67-$40.40.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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Goldman Sachs Juniper
Rav Chekuri on Apr 25, 2012 12:12 PMMark as Spam | Reply to this comment
Simona Janikowski has no clue what she is talking about. She has been consistantly wrong about networking for the last 4 years on Juniper, Cisco and FFIV. Ignore her comments.