Juniper says 2015 operating margin target 25% Juniper in stockholder meeting conference presentation slides said enhanced efficiency results in a 25% operating margin target for 2015, roughly a 580 basis point improvement versus 2013. The company sees returning at least $3B of capital to stockholders over the next three years. It said its headcount reduction of 6% is largely complete and "significantly focused on management positions." Juniper reiterated a 10c per share quarterly dividend is commencing in Q3, with "intention to grow over time."
Juniper upgraded to Buy on new product cycles at BofA/Merrill As previously reported, BofA/Merrill upgraded Juniper to Buy from Neutral. The firm expects Juniper's new products and sequential growth in North American carrier spending to drive growth in core business lines. BofA/Merrill said Juniper's new products address recent weaknesses in security, switching, and routing and expects growth and operating margins to begin to stabilize. Price target raised to $34 from $27.