Nomura Securities Maintains a 'Neutral' on Juniper Networks (JNPR); 4Q Preview

Nomura Securities maintains a 'Neutral' on Juniper Networks (NYSE: JNPR) price target of $19.50.

Analyst, Stuart Jeffrey, said, "Juniper’s January 9th negative pre-announcement diminishes some of the anticipation heading into its Q4 2011 earnings results on Thursday January 26th. With weak carrier spending driving the shortfall, we expect 10% yoy product revenue decline, offset by continued growth in services. The unfavourable product mix weighed on margins according to Juniper, but other factors may have played a role. While sentiment in the shares have improved, we still see downside risks due to our contrarian view on carrier capex and limited contribution from new products, which will unlikely make up the difference and limit 2012 growth."

For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.

Shares of Juniper Networks closed at $23.88 yesterday.

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