Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Salomon Upgrades Juniper to Outperform

Salomon Smith Barney upgrades Juniper Network (JNPR) to outperform from neutral.

Analyst Alexander Henderson says that third-quarter results were well above estimates. Despite recent appreciation in shares, he says third-quarter results and commentary from management lead him to believe the company may have bottomed operationally and that there is more upside than downside to earnings estimates risk. He thinks the company can grow 35% over the next three to five years as data networking traffic continues to expand.

He raises his 2001 EPS estimate to $0.46 '01 EPS to $0.53, and he raises 2002 to $0.48, from $0.35 and 2003 to $0.55 from $0.67 on increased revenue projections. Henderson raised his price target of Juniper to $26 from $13.

blog comments powered by Disqus