Jefferies Reiterates Buy on Juniper (JNPR)

Jefferies is out with its report today on Juniper JNPR, reiterating Buy.

In a note to clients, Jefferies writes, "The company is a play on: 1) massive growth in IP network traffic globally; 2) network transformation to IP/Ethernet infrastructure; 3) three major new product cycles; and 4) continued growth in Juniper's Ethernet Switching and Security businesses."

Jefferies has a $52 PT on JNPR.

Shares of JNPR closed Tuesday at $42.24.