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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
Check below for free stories on JNPR;CSCO the last two weeks.
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September 1, 2014
14:07 EDTCSCOCowen and Cisco to hold a conference call
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14:00 EDTCSCOCisco to hold a conference call
Vice President and General Manager-Computing Systems Perez discusses Cisco's new UCS innovations and portfolio expansion on a conference call to be held on September 4 at 12 pm. Webcast Link
11:13 EDTCSCOStephens to hold an investor trip
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August 31, 2014
13:27 EDTJNPR, CSCOAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
13:20 EDTJNPRCitigroup to hold a conference
Global Technology Conference to be held in New York on September 2-4.
August 29, 2014
06:15 EDTCSCOCisco implied volatility of 13 at lower end of index mean range
August 27, 2014
12:13 EDTCSCOAruba Networks climbs after earnings beat prompts upgrades
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08:48 EDTCSCOAruba Networks upgraded to Overweight at Stephens
As previously reported, Stephens upgraded Aruba Networks (ARUN) to Overweight from Equal Weight and raised its price target on the stock to $25 from $22, citing the company's strong Q4 results and the firm's belief that Cisco (CSCO) has become increasingly less competitive over the last several quarters.
August 20, 2014
06:26 EDTCSCOCisco COO says annual layoffs 'wrong way to do it,' Business Insider reports
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August 19, 2014
11:05 EDTCSCO, JNPRImperva seen as takeover candidate under new CEO
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08:42 EDTJNPR, CSCOImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.

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