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

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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, with a 52 week range of $14.01-$32.17.

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