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Juniper Networks upgraded to Buy at Nomura Securities

Dec. 08, 2016 10:02 AM ETJuniper Networks, Inc. (JNPR) StockJNPRBy: Eric McCaffrey, SA News Editor
  • Moving from Neutral prior, analyst Jeffrey Kvaal additionally raises target from $24 to $33 (current price $28.73), particularly highlighting switching unit growth he projects at 12%+ for 2017, roughly double consensus estimates. Increases expectations for FY 2016 EPS to $2.08, from $2.07, and FY 2017 to $2.36, from $2.21.
  • Juniper Networks' (JNPR +3.5%) received similar rating change at Credit Suisse yesterday, with analyst Kulbinder Garcha upgrading shares off the sidelines to Outperform.

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