Barclays Maintains an 'Overweight' on Juniper Networks (JNPR); Improvements Across The Board

Barclays maintains an 'Overweight' on Juniper Networks (NYSE: JNPR) price target raised from $24 to $26.

Analyst, J. Kvaal, said, "A modest improvement in carrier and spending, steady growth in new product revenue should drive sequential sales growth beyond 1Q...Kvaal also sees improving markets and new product revenues in 2Q which should boost shares."

Kvaal leaves FY12/13 EPS estimate unchanged at $0.95/$1.38.

Shares are trading lower for the second straight session, down almost 3% and down 1% last Friday.

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 $21.99 yesterday.

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