AI 'Transformed' This Networking Firm. Cisco May Want To Take Note, Analyst Says

  • Needham analyst Alex Henderson reiterated a Buy on Juniper Networks, Inc JNPR and a price target of $38.
  • Mist AI has transformed Juniper's strategy, which has proven effective, Henderson mentioned. It has proven to win business, drive upsell, and has proven to be a template for the entire company. 
  • Juniper has reformulated its strategy to drive AI, Cloud-Native, Micro-Services based, open, and distributed architectures across its entire portfolio, he observed. 
  • Also Read: Juniper Networks Slips After Q2 Earnings Miss, Says Profitability To Be Impacted Over Next Few Quarters
  • It's already well down the path with four recent acquisitions aimed at the same approach and increasingly tightly integrated. 
  • It's also resonating with customers in Enterprise, Service Providers, and Cloud. 
  • Mist has demonstrated it can deliver sharp improvements in user experiences, sharp reductions in trouble tickets and costs to IT, and drive customer wins and upsell, he added. It can work across all of Juniper.
  • The analyst notes that Juniper has a better opportunity to deliver on this vision/strategy than its primary competitors. Cisco Systems, Inc. CSCO has numerous platforms, has bought products targeting particular market segments, but not with a common ideology on Cloud-Native, AI-driven, or micro-services based.
  • Price Action: JNPR shares traded higher by 0.43% at $29.09 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Price Target
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!