Bloomberg the Company

Bloomberg Anywhere Login


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

Follow Us

Industry Products

Markets & Finance

Needham Downgrades Juniper Networks to 'Buy'

Needham downgraded Juniper Networks (JNPR ) to buy from strong buy.

Analyst A.A. LaFountain says the company warned of weakness across the board, attributable to additional cutbacks in customer spending as opposed to competitive shifts. He believes new product flow can generate substantial sequential improvements in 2003, but from a now-reduced base.

LaFountain cut the $0.21 2002 earnings per share estimate to $0.11, and cut the $0.42 2003 estimate to $0.39. He also cut the $19 target to $13.

The Aging of Abercrombie & Fitch
blog comments powered by Disqus