Juniper (JNPR) Nears Decade Highs as Cisco (CSCO) Investors 'Switch' Over
Tweet
Share
E-mailGet Alerts JNPR Hot Sheet
Join SI Premium – FREE
Juniper Networks, Inc. (Nasdaq: JNPR) shares have taken off today, up about 5.4%, as the company is nearing the highest level its seen since May-June 2001.
Juniper could see some buying today following another Cisco (Nasdaq:
CSCO) earnings flub, as investors are finally realizing that pricing pressure is helping the Sunnyvale, CA-based techie to steal switching market share from the perennial tech favorite.
Volume on the company is nearly 80% above normal this afternoon.
CEO John Chambers said, about the U.S. market, "The challenges at state, local, and eventually federal level in our opinion will worsen over the next several quarters." Comparably, Juniper has expressed a more positive view, their CFO recently saying, "As we enter 2011, our demand indicators are strong, our product portfolio is robust and we are focused on executing to the growing market opportunity ahead of us."
Juniper could see some buying today following another Cisco (Nasdaq:
CSCO) earnings flub, as investors are finally realizing that pricing pressure is helping the Sunnyvale, CA-based techie to steal switching market share from the perennial tech favorite.
Volume on the company is nearly 80% above normal this afternoon.
CEO John Chambers said, about the U.S. market, "The challenges at state, local, and eventually federal level in our opinion will worsen over the next several quarters." Comparably, Juniper has expressed a more positive view, their CFO recently saying, "As we enter 2011, our demand indicators are strong, our product portfolio is robust and we are focused on executing to the growing market opportunity ahead of us."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Intchains Group Ltd (ICG) PT Lowered to $2 at Benchmark Following 1H Results
- Is the global equity rally broadening? UBS weighs in
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
John Chambers, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
