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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:53 EDTJNPR, CSCOJuniper hits 52-week high after better than expected results, new operating plan
Shares of network infrastructure provider Juniper Networks (JNPR) are rallying after the company reported better than expected results and announced the pending release of a new operational plan. WHAT'S NEW: Last night, Juniper reported preliminary fourth quarter earnings of 43c per share and revenue of $1.27B, exceeding expectations of 37c and $1.22B, respectively. The company gave in-line guidance for the first quarter. On Juniperís fourth quarter earnings conference call, CEO Shaygan Kheradpir said the company will announce a new operational plan within 3-4 weeks, including discrete milestones. WHATíS NOTABLE: Last night, in a letter to Juniper, activist investor Jana Partners backed Elliot Managementís recent plan to unlock significant shareholder value by cost realignment, capital return to shareholders, and the optimization of Juniperís product portfolio. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Three firms -- William Blair, Barclays, and Goldman Sachs -- upgraded Juniper after the companyís better than expected results and announcement of its new operating plan. Another firm, Cantor, raised its price target on the shares to $35 from $30.50. Cantor said the stock's valuation was attractive, and believed the shares could advance meaningfully over the next year. It kept a Buy rating on the stock. PRICE ACTION: Juniper rose $2.42, or 9.3%, to $28.43 on nearly twice its average daily trading volume in morning trading. Earlier in the session, the stock hit a fresh 52-week high of $28.58. Over the past twelve months, the stock is up approximately 33%. OTHERS TO WATCH: Juniperís main competitor in the network space is Cisco Systems (CSCO).
News For JNPR;CSCO From The Last 14 Days
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August 28, 2015
16:18 EDTCSCOCisco CEO Charles Robbins adopts 10b5-1 trading plan
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07:17 EDTJNPR, CSCOCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
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August 25, 2015
09:35 EDTCSCOActive equity options trading on open
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August 21, 2015
12:13 EDTCSCO, JNPRBrocade soars after Q3 results top estimates
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August 18, 2015
11:01 EDTCSCOScansource exercises LOI to acquire assets of KBZ
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09:04 EDTJNPRJuniper selected by Joe Gibbs Racing to speed data center network transformation
Juniper Networks announced that four-car NASCAR team Joe Gibbs Racing selected its next-generation switching and security solutions to rev up the team's aging network infrastructure for better performance on and off the track.
August 17, 2015
11:18 EDTCSCOEZchip to supply chips to cloud data centers, Bloomberg says
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10:09 EDTCSCOOn The Fly: Analyst Downgrade Summary
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07:39 EDTCSCOTMC to hold a conference
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06:45 EDTCSCOCisco downgraded to Equal Weight from Overweight at Morgan Stanley
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