Credit Suisse Lowers 2014/2015 EPS Estimates for Juniper Networks

In a report published Friday, Credit Suisse analyst Kulbinder Garcha reiterated a Neutral rating and $25.00 price target on

. In the report, Credit Suisse noted, “Juniper provided preliminary estimated results for 3Q14 today. Expected revenue is now estimated to be in the range of $1.11bn–$1.12bn, which is below the previously guided estimates of $1.15bn-$1.2bn. Juniper now expects non-GAAP net income per diluted share of $0.34-$0.36 versus previous guidance of $0.35-$0.40 per diluted share. We lower our 2014/2015 EPS estimates from $1.49/$1.76 to $1.41/$1.66 to account for this negative pre-announcement.” Juniper Networks closed on Thursday at $20.94.