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Why Morgan Stanley Is Cutting Estimates On Juniper Networks, Inc.

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In a note dated October 8, Morgan Stanley analyst, James Faucette adjusted his estimates downward on Juniper Networks, Inc. (NYSE: JNPR) for the third and fourth quarter. Faucette currently rates Juniper Equal-weight and does not have a price target set.

The slight downward revision to Faucette's estimates comes amid recent commentary regarding weak spending expectations at AT&T (NYSE: T) for the rest of the year.

Speaking on AT&T's Domain 2.0 strategy, Faucette commented, "While we believe this represents a substantial long term opportunity for Juniper, spending appears to have slowed for the near term and is not expected to resume until early 2015."

Faucette's revisions include: a ~$15 million and ~$20 million reduction in revenue, respectively, for the third and fourth quarters and a $0.01 to $1.48 in his 2014 EPS estimate.

Latest Ratings for JNPR

DateFirmActionFromTo
Aug 2019Initiates Coverage OnEqual-Weight
Jul 2019DowngradesNeutralSell
Jun 2019UpgradesSellNeutral

View More Analyst Ratings for JNPR
View the Latest Analyst Ratings

Posted-In: James Faucette Morgan StanleyAnalyst Color News Reiteration Analyst Ratings

 

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