Auriga Reiterates a 'Buy' on Juniper Networks (JNPR); New Products Gaining Momentum; Secular Trends Remain Favorable
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Price: $35.88 --0%
Rating Summary:
16 Buy, 30 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
Rating Summary:
16 Buy, 30 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
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Auriga reiterates a 'Buy' on Juniper Networks (NYSE: JNPR), PT $54.
Auriga analyst says, "We reiterate our rating and price target on Juniper, as our checks suggest that JNPR's newer products are being viewed favorably by industry experts and are poised to meaningfully drive mid-long term growth. We view recent weakness, driven by soft results at optical component vendors and uncertainty created by proposed consolidation in customer base, as a buying opportunity. We expect growth to accelerate in 2H11 as service provider customers upgrade networks to deal with network congestion and improving revenue opportunities. Our analysis continues to suggest that JNPR's products retain their edge in most key segments, which should drive meaningful share gains in 2011/12 time-frame."
For more ratings news on Juniper Networks click here and for the rating history of Juniper Networks click here.
Shares of Juniper Networks closed at $39.38 yesterday.
Auriga analyst says, "We reiterate our rating and price target on Juniper, as our checks suggest that JNPR's newer products are being viewed favorably by industry experts and are poised to meaningfully drive mid-long term growth. We view recent weakness, driven by soft results at optical component vendors and uncertainty created by proposed consolidation in customer base, as a buying opportunity. We expect growth to accelerate in 2H11 as service provider customers upgrade networks to deal with network congestion and improving revenue opportunities. Our analysis continues to suggest that JNPR's products retain their edge in most key segments, which should drive meaningful share gains in 2011/12 time-frame."
For more ratings news on Juniper Networks click here and for the rating history of Juniper Networks click here.
Shares of Juniper Networks closed at $39.38 yesterday.
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