27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Juniper Networks Inc (NYSE:JNPR) could face a number of challenges from headwinds that come due to changes in its product portfolio, according to Credit Suisse.
The Analyst
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Sami Badri of Credit Suisse on Thursday initiated coverage on Juniper with an Underperform rating and $21 price target.
The Thesis
The competitive and technological pressures on Juniper are only intensifying, Badri said in a note.
Juniper faces increasing pressure from competitive peers Cisco Systems, Inc. (NASDAQ:CSCO) and Arista Networks Inc (NYSE:ANET), said Badri.
The increased adoption of white box appliances by key customers is further challenging the company’s market share, the analyst said.
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“Given these factors, we believe JNPR will be subject to ongoing and further business pressures through FY18/19."
While the company is transitioning its mix to services, it is converting revenues slower than its peer F5 Networks Inc (NASDAQ:FFIV), Badri said.
“We identify this as a key area of focus for networking equipment companies, as the reliability on telecom spending has faded, and highly recurring, predictable and profitable services revenues are in demand to stabilize revenue streams.”
Price Action
Juniper shares closed the week at $26.52.
Related Links:
BofA Says It's Time To Connect With Juniper Networks, Projects Multiple Positive Catalysts
Telecom Stock Roundup: Trade Restrictions Mar Industry Positives
Photo courtesy of Juniper Networks.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.