Market Overview

UPDATE: FBN Securities Reiterates Sector Perform Rating, Raises PT on Juniper Networks

Share:
Related JNPR
Dialing Up Communications ETFs
Think Buybacks Boost Share Prices? Think Again
Ericsson Extends Playout Services ITV Contract til 2024 (Zacks)

In a report published Friday, FBN Securities reiterated its Sector Perform rating on Juniper Networks (NYSE: JNPR), and raised its price target from $18.00 to $22.00.

FBN Securities noted, “We retain our Sector Perform rating on JNPR and raise our PT from $18 to $22. The report was mixed. Routers turned around but switches weakened (while security stayed weak). Service provider sales improved (particularly in the US), but US enterprise weakened (particularly in Federal). Europe was weak, Asia weakened, but Americas improved. Ending product backlog of $410M grew 37% Y/Y and book-to-bill > 1 are evidence of improved visibility.”

Juniper Networks closed on Thursday at $21.50.

Latest Ratings for JNPR

DateFirmActionFromTo
Jul 2015MKM PartnersUpgradesSellNeutral
Jun 2015WedbushUpgradesNeutralOutperform
Jun 2015NomuraInitiates Coverage onNeutral

View More Analyst Ratings for JNPR
View the Latest Analyst Ratings

Posted-In: FBN SecuritiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (JNPR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters