Jefferies Maintains a 'Buy' on Juniper Networks (JNPR); Capex Improve/Cost Reduction Should Help

July 25, 2012 9:47 AM EDT
Get Alerts JNPR Hot Sheet
Price: $27.43 +0.04%

Rating Summary:
    17 Buy, 31 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies maintains a 'Buy' on Juniper Networks (NYSE: JNPR) price target of $19.75 (from $27.50).

Analyst, George Notter, said, "The Q2 results were slightly better-than-expected while Q3 guidance looked a bit conservative in our view. The newly-announced cost reduction plans for 2013 should give investors some incremental confidence in the organization's earnings power for next year."

FY12 EPS estimate lowered from $0.90 to $0.80, FY13 from $1.35 to $1.25.

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 $14.82 yesterday.

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