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

Markets & Finance

Deutsche Bank Cuts Juniper Networks to 'Sell'

Deutsche Bank downgraded Juniper Networks (JNPR) to sell from hold.

Analyst Raj Srikanth says shares are trading at 5.2 times the enterprise value of 2003 sales vs. the peer group average of 1.9. He says despite the uniqueness of the company, a lack of positive earnings for both 2002 and 2003 should not warrant the current level of the premium.

Srikanth notes visibility continues to be poor. He says the core router business -- which pulls down one-third of the company's revenues -- will continue to be under pressure for at least two more quarters. Srikanth thinks current investor sentiment and upward momentum for equipment stocks has driven the company's valuation to unsustainable levels. He sees a four cent per share loss for both 2002 and 2003.

blog comments powered by Disqus