Brean Murray Initiates Coverage on Juniper Networks (JNPR) with a Buy; Near-Term Headwinds Understood
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Brean Murray initiates coverage on Juniper Networks (Nasdaq: JNPR) with a Buy rating. Price target $20.
Brean analyst says, "While macro concerns are likely to temper Juniper’s growth during 2009, we think near-term risks are well understood by the Street, and we recommend buying the stock for its robust long-term growth opportunities within the carrier routing and enterprise space. With network traffic doubling every two years, we believe it’s only a matter of time before spending resumes, driving sustainable 20% growth for Juniper long term. As a result, we view Juniper as an early stage recovery play and recommend long-term investors buy on weakness."
To see more analyst ratings on JNPR Click Here.
Juniper Networks, Inc. designs, develops and sells products and services that together provide its customers with network infrastructure that creates responsive and trusted environments for accelerating the deployment of services and applications over a single Internet Protocol (IP)-based network.
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