BofA/Merrill Lynch Downgrades Juniper Networks (JNPR) to Neutral
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July 23, 2014 9:04 AM EDT
Goldman Sachs maintained a Neutral rating on Juniper Networks (NYSE: JNPR) and lowered its price target to $25.00 (from $28.00). The change follows Q2 results. Junipers weaker outlook was impacted by reduced spending at AT&T and Verizon, noted analyst Simona Jankowski.
"We believe Junipers weaker outlook was due to reduced spending by AT&T and Verizon, each of which has... More
July 23, 2014 6:54 AM EDT
Piper Jaffray analyst Troy Jensen trimmed estimates and his price target on Neutral-rated Juniper Networks (NYSE: JNPR) to $26.00 (from $28.00) following respectably Q2 results but guidance for Q3 that was comfortably below consensus due to a pause in U.S. carrier spending plans.
Jensen... More
July 22, 2014 4:07 PM EDT
Juniper Networks, Inc. (NYSE: JNPR) reported Q2 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.22 billion.
Juniper delivered another solid quarter of revenue growth, with continued diversification across our target verticals. With our focused strategy, we are seeing clear signs of success with customers who are in a build cycle for High-IQ networks and Cloud ecosystems, said Shaygan Kheradpir, chief executive officer, Juniper Networks. We are relentlessly... More
