Nomura Securities Maintains a 'Neutral' on Juniper Networks (JNPR); Reducing Long-Term Growth Target to 9-12%
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Price: $17.58 -0.17%
Rating Summary:
14 Buy, 22 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
14 Buy, 22 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade JNPR Now!
Nomura Securities maintains a 'Neutral' on Juniper Networks (NYSE: JNPR) price target of $20.00.
Analyst, Stuart Jeffrey, said, "New targets remain above our current estimates for FY13 and FY14. We believe that many investors will continue to see targets as optimistic, raising the risk of further cuts to targets in the next year or two. Management gave no incremental insight into current operating trends or expectations for H2. We continue to see downside risk to revenue growth – based on caution on routing market growth and market share headwinds. Maintain rating and F12E/F13E EPS of $0.82/$1.16 vs the Street at $0.84/$1.15."
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 $16.61 yesterday, with a 52 week range of $16.33-$33.11.
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Analyst, Stuart Jeffrey, said, "New targets remain above our current estimates for FY13 and FY14. We believe that many investors will continue to see targets as optimistic, raising the risk of further cuts to targets in the next year or two. Management gave no incremental insight into current operating trends or expectations for H2. We continue to see downside risk to revenue growth – based on caution on routing market growth and market share headwinds. Maintain rating and F12E/F13E EPS of $0.82/$1.16 vs the Street at $0.84/$1.15."
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 $16.61 yesterday, with a 52 week range of $16.33-$33.11.
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