Loading...
Loading...
JP Morgan has published a research report on Juniper Networks
JNPR after meeting with the company's CEO Kevin Johnson earlier this week.
In the report, JP Morgan writes, "We met with Juniper's CEO Kevin Johnson earlier this week, and his tone on overall carrier spending remained cautious, in our opinion. This was consistent with commentary on the Q3 earnings call and similar to Juniper's stance on carrier spending since summer. On a positive note, we thought the tone on Qfabric was confident, though we continue to believe significant revenue contribution is likely to take until late 2012 to materialize. Overall, we feel the overhang of carrier spending argues against increasing investment in Juniper now but that the potential for Qfabric and other new products to drive growth in late 2012 is a positive."
JP Morgan maintains its Neutral rating on Juniper Networks, which is currently trading down $0.71 from yesterday's $21.31 closing price.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in