Needham & Company Maintains a 'Buy' on Juniper Networks (JNPR); Q1 Beat, But Guidance Tepid
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Price: $39.95 --0%
Rating Summary:
16 Buy, 30 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 30 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on Juniper Networks (NYSE: JNPR) price target of $24.00.
Analyst, Glenn Hanus, said, "JNPR reported 1Q results above original cautious guidance and offered 2Q revenue outlook largely in line with Street but with lower GM% and OpM%. Despite the macro uncertainty, softer Capex, and recent quarterly misses, we maintain our rating as we believe new product launches/cycles and any material pickup in service provider Capex should eventually lead to improving results."
Needham lowers FY12 EPS estimate from $0.96 to $0.82 and FY13 from $1.26 to $1.13.
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 $21.63 yesterday.
Analyst, Glenn Hanus, said, "JNPR reported 1Q results above original cautious guidance and offered 2Q revenue outlook largely in line with Street but with lower GM% and OpM%. Despite the macro uncertainty, softer Capex, and recent quarterly misses, we maintain our rating as we believe new product launches/cycles and any material pickup in service provider Capex should eventually lead to improving results."
Needham lowers FY12 EPS estimate from $0.96 to $0.82 and FY13 from $1.26 to $1.13.
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 $21.63 yesterday.
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