Goldman Sachs: Juniper Networks, Inc. "Innovation Update", Maintains Neutral Rating

Goldman Sachs released a research report on Juniper Networks, Inc.

announcing incremental takeaways from “Innovation Update” event. In the report Goldman Sachs writes, “In line with expectations, Juniper announced that the remaining two components of QFabric (QF) will be available this week, including the Interconnect and Director. These two products join the QFX3500, a 10GbE switch launched in March 2011, to round out the QF offering. The company expects adoption of QF to proceed at a ”gradual“ pace and accelerate in 2H2012, as its disruptive nature requires longer qualification cycles.” Golman Sachs has a Neutral rating and maintains its current price target on Juniper Networks, Inc., which closed yesterday at $21.74.