Juniper Networks Totgeglaubte leben länger

heute :9:36 AM 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 100G optical gear and its high-end DTN-X transmission system, which now has 5 tier-1 carrier clients

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Juniper Networks" (JNPR) new router products seem to be doing well in a sluggish networking market. The company regained the second position behind Cisco in the router market, pushing Huawei down to fourth place in Q3 2012, according to a recent market report by Infonetics Research. This is reflective of Juniper"s recently announced Q3 results, which came in better than expected as the company beat its revenue guidance on the high-end by 4%. What was most encouraging about the Q3 data was that Juniper managed to achieve this despite a 5% drop in the overall service provider market due to the ongoing eurozone debt crisis. This was driven primarily by Juniper"s good showing in China and EMEA as well as an increased adoption of its new routing products such as PTX and T4000.With macroeconomic uncertainty likely to persist in the near-term, we expect Juniper"s customers to continue to be cautious with their capital spending. While the company managed to grow its Q3 revenues by 4% sequentially, its guidance for Q4 implies a roughly flat quarter y-o-y at the midpoint. Juniper is not alone in giving subdued guidance. Even Cisco continues to maintain a conservative stance
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However, the networking vendor offered subdued guidance for Q4 citing near-term macro-economic uncertainty surrounding the European debt crisis. Concerns over the macro environment are also taking a toll on competitors Alcatel-Lucent (ALU) and Cisco (CSCO), with the latter doing slightly better than the rest. However, we are positive about the company"s outlook as the long-term trends of data growth and mobility remain strong, which Juniper should be able to capitalize on as its new products gradually gain more momentum. We maintain our price estimate for Juniper to $25, about 40% ahead of the current market price.