2023-03-30 13:22:54 ET
- Juniper Networks ( NYSE: JNPR ) shares got a slight lift and rose 1.5% Thursday after Evercore ISI analyst Amit Daryanani raised his rating on the networking equipment company due to expectations for better-than-expected quarterly results.
- Daryanani lifted his rating on Juniper ( JNPR ) to outperform from inline, and raised his price target on the company's stock to $38 a share from $34. In a research note, Daryanani said that Juniper ( JNPR ) is "well positioned to deliver better than expected results" for both its near-and-longer term business prospects.
- "End demand remains strong, and they [Juniper] expect enterprise bookings to grow this year," Daryanani said. "Far more customers are wanting equipment soon versus the couple who want to delay [purchases] for a quarter or two."
- Wall Street analysts and Seeking Alpha authors both currently consensus hold ratings on Juniper's ( JNPR ) stock. Meanwhile, Seeking Alpha's Quant System, which historically outperforms the stock market, gives Juniper shares a rating of buy .
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Juniper Networks stock edges higher; Evercore raises rating to outperform