First Global Downgrades Juniper Networks (JNPR) to Market Perform; Impact From Japan

First Global downgraded Juniper Networks (NYSE: JNPR) from Moderate Outperform to Market Perform.

First Global analyst said, "The recent natural disasters in Japan, which contributes an average of 5-8% of JNPR’s sales, are expected to have a significant impact on the sales. The catastrophe would also impact JNPR’s supply chain...JNPR’s SLT segment has been witnessing a slowdown in sales for the past three quarters, with its Y-o-Y growth slowing down from 27% in Q2 CY10 to merely 6% in Q1 CY11...A higher sales and marketing headcount will lead to an increase in the company’s SG&A expenses, thereby impacting its operating margin, going forward."

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 $37.59 yesterday.

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