Seeking Alpha

In addition to downgrading Cisco, JPMorgan is upgrading (I, II) Juniper (JNPR +3.3%) and...

In addition to downgrading Cisco, JPMorgan is upgrading (I, II) Juniper (JNPR +3.3%) and Infinera (INFN +6.6%) to Overweight. The firm sees improving 2013 carrier capex, new routers, stock buybacks, and "a proactive focus on operating leverage" aiding Juniper, which is about to partly upend its business model in an effort to embrace software-defined networking. Infinera is expected to benefit from rising demand for 100G optical gear and its high-end DTN-X system, which now has 5 tier-1 carrier clients. Separately, Infinera discloses sales chief Ronald Martin is leaving, while assuring investors there's no change to 2012 guidance.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs