Wells Fargo Cuts PT and Estimates on Juniper Networks (JNPR); Coming To Grips With The Slowdown
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Price: $17.61 --0%
Rating Summary:
14 Buy, 22 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 31 | New: 11
Rating Summary:
14 Buy, 22 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 31 | New: 11
Trade JNPR Now!
Wells Fargo maintains a 'Market Perform' on Juniper Networks (NYSE: JNPR) price target range $14-17 (from $20-24).
Analyst, Jess Lubert, said, "We attended Juniper's analyst day, which outlined its addressable end-market opportunities, new product initiatives, and strategy to gain share in key product categories. That said, the biggest news surrounded Juniper's reduced long-term financial model, which now calls for 9-12% sales growth, 63-66% gross margin, and 20+% operating margin during 2012-15..."
Lubert said lowered growth assumptions were below what many were expecting and therefore reflect maturation of the router market, higher competition and continued global challenges. Lubert cuts FY13 EPS from $1.25 to $1.20.
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, Jess Lubert, said, "We attended Juniper's analyst day, which outlined its addressable end-market opportunities, new product initiatives, and strategy to gain share in key product categories. That said, the biggest news surrounded Juniper's reduced long-term financial model, which now calls for 9-12% sales growth, 63-66% gross margin, and 20+% operating margin during 2012-15..."
Lubert said lowered growth assumptions were below what many were expecting and therefore reflect maturation of the router market, higher competition and continued global challenges. Lubert cuts FY13 EPS from $1.25 to $1.20.
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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