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

CE Unterberg Ups Juniper Networks to 'Buy'

Juniper Networks (JNPR) shares were higher after the company reported earnings per share of 4 cents, vs. 2 cents a year ago (GAAP), on 33% revenue rise. CE Unterberg upgraded the stock to buy from market perform.

Analyst Mark Sue says Juniper reported strong fourth-quarter 2003 revenue results, up 20% sequentially and significantly ahead of his recently increased estimate of $186 million. He says results were driven by balanced demand across all product categories and an unanticipated yearend spending flush. He says with stronger business conditions, better visibility, improving operating metrics, and an enviable backlog of untapped projects such as GIG-BE, he expects Juniper to be a key beneficiary of an improving telecom spending environment.

Sue ups $806 million 2004 revenue estimate to $960 million, and his 28 cents 2004 EPS forecast to 37 cents. He has a $30 12-24 month price target on the stock.

blog comments powered by Disqus