UPDATE: Barclays Upgrades Juniper Networks (JNPR) to Overweight

January 14, 2021 7:44 AM EST
Get Alerts JNPR Hot Sheet
Price: $27.41 -0.51%

Rating Summary:
    17 Buy, 27 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 7 | New: 46
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(Updated - January 14, 2021 7:47 AM EST)

Barclays analyst Tim Long upgraded Juniper Networks (NYSE: JNPR) from Equalweight to Overweight with a price target of $28.00 (from $24.00).

The analyst comments "We believe initial signs of success in a number of key markets are poised to continue, including benefits from new WLAN products, growth in cloud and a recovery in telco. Valuation is among the lowest in the group despite solid margins and cash flow and an improving revenue profile, with a number of potential catalysts for the current discount to moderate (5-year average of ~25% discount to the S&P 500, compared to current -42.5%)."

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 $23.76 yesterday.

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