Deutsche Bank Initiates Coverage on Juniper Networks (JNPR) with a Hold; Missing Opportunities in Emerging Technologies
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Deutsche Bank initiates coverage on Juniper Networks (Nasdaq: JNPR) with a Hold rating and $22 price target.
Deutsche analyst says, "Juniper makes some of the most advanced routing equipment on the market and is a trusted supplier of some of the most demanding customers. Despite this, their market position is threatened on both the high- and low-end of their product range. Ultimately, we think they may end up as part of a larger platform. We view their prospects as already fully reflected in their share price meriting a Hold rating...While they deserve credit for taking a focused approach, we think they are missing out on growth in key emerging technologies. This will likely crimp their growth as they risk being pushed out by vendors with broader offerings."
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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