Nomura Securities Maintains a 'Neutral' on Juniper Networks (JNPR); Solid Qtr, But Recovery on Hold
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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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Nomura Securities maintains a 'Neutral' on Juniper Networks (NYSE: JNPR) price target of $21.50.
Analyst, Stuart Jeffrey, said, "Juniper beat revenue and EPS expectations for Q1, albeit with gross margins and opex disappointing. Moreover, Q2 revenue guidance is just in line with expectations and EPS guidance is 3-5c below expectations. We expect seasonality to boost revenues through H2, with new products boosting Q4 and into 2013. However, we see a possible cut to business model targets in June at the company’s investor day. The stock is likely range-bound for the foreseeable future. Juniper is trading on 25x our 2012 and 18x our 2013 EPS estimates."
Nomura lowers FY12 EPS estimate from $0.91 to $0.86, FY13 from $1.37 to $1.24 and FY14 from $1.65 to $1.49.
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, Stuart Jeffrey, said, "Juniper beat revenue and EPS expectations for Q1, albeit with gross margins and opex disappointing. Moreover, Q2 revenue guidance is just in line with expectations and EPS guidance is 3-5c below expectations. We expect seasonality to boost revenues through H2, with new products boosting Q4 and into 2013. However, we see a possible cut to business model targets in June at the company’s investor day. The stock is likely range-bound for the foreseeable future. Juniper is trading on 25x our 2012 and 18x our 2013 EPS estimates."
Nomura lowers FY12 EPS estimate from $0.91 to $0.86, FY13 from $1.37 to $1.24 and FY14 from $1.65 to $1.49.
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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