UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Juniper Networks
In a report published Friday, Jefferies reiterated its Buy rating on Juniper Networks (NYSE: JNPR), and raised its price target from $21.00 to $25.00.
Jefferies noted, “Juniper's Q4 results were better-than-expected, particularly in light of the poor performance from APAC and U.S. Federal sales. March quarter guidance was a little light on revenue and in-line with expectations on EPS. We're not concerned as we believe the organization has established a pattern of providing overly conservative projections – Q1 will be the fifth quarter in a row in this regard.”
Juniper Networks closed on Thursday at $21.50.
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