Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Juniper Networks, Inc.    JNPR

Delayed Quote. Delayed  - 12/07 08:57:09 pm
27.685 USD   +2.80%
12/06 JUNIPER : to Acquire AppFormix
12/01 Starbucks says Schultz to step down as CEO, become chairman
12/01 JUNIPER : Announces Intent to Acquire AppFormix
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Cisco shares drop on tech spending worries

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2012 | 05:03pm CET

Shares of Cisco Systems Inc (>> Cisco Systems, Inc.) slid more than 9 percent in early trading after the network equipment maker's disappointing outlook exacerbated worries about government spending in the United States and Europe.

Shares of Cisco Systems Inc (>> Cisco Systems, Inc.) slid more than 9 percent in early trading after the network equipment maker's disappointing outlook exacerbated worries about government spending in the United States and Europe.

Cisco's shares ? among the top percentage losers on the Nasdaq on Thursday morning ? touched a low of $17.02 in their sharpest fall in more than a year. It was also the most traded stock on the exchange.

Brokerages including BMO Capital Markets, Deutsche Bank, Nomura Equity Research, UBS and Mizuho Securities cut their price targets on the company's shares.

"Cisco's results highlight a difficult IT spending environment but pockets of growth should appear in the second half of 2012 with a hopeful resumption of telco spending," Piper Jaffray analyst Troy Jensen said in a research note.

Jensen maintained his "neutral" rating on the stock, citing limited visibility into the company's growth prospects, but lowered his price target by $1.00 to $20.

According to Thomson Reuters StarMine, nine analysts rate Cisco stock a "strong buy," 15 rate it a "buy," 19 have a "hold" and only two rate it a "sell." The mean price target on the stock is $22.58.

Cisco said it was difficult to predict second-half performance.

"We continue to see the impact of the areas of concern we have discussed for the last few quarters ... Europe and the global economy, India, and conservative IT spend as reflected in the commentary of our peers," CEO John Chambers said on a conference call with analysts on Wednesday.

Shares of rival network equipment maker Juniper Networks Inc (>> Juniper Networks, Inc.) were down 4 percent on the New York Stock Exchange.

Technology bellwethers such as IBM Corp (>> International Business Machines Corp.), Intel Corp (>> Intel Corporation) and Oracle Corp (>> Oracle Corporation) have also made cautious comments about tech spending by governments and businesses.

Chambers, Cisco's legendary helmsman, said a year ago that the company ? once a Wall-Street darling ? had "lost its way," as it struggled with a business that had grown too big and unwieldy over the years.

On Wednesday, he said the continued pressure on government and business budgets was hurting sales of Cisco's telepresence products ? part of the video business that the company has picked as one of its new pillars of growth.

A telepresence system is a suite of applications and products that enhances videoconferencing quality.

Shares of videoconferencing rival Polycom Inc (>> Polycom Inc) slipped nearly 5 percent to $12.06 on the Nasdaq.

(Reporting by Fareha Khan and Sayantani Ghosh in Bangalore; Editing by Tenzin Pema And Joyjeet Das)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JUNIPER NETWORKS, INC.
12/06 JUNIPER : to Acquire AppFormix
12/01 Starbucks says Schultz to step down as CEO, become chairman
12/01 JUNIPER : Announces Intent to Acquire AppFormix
11/29 JUNIPER : Simplifies Cloud Transition for Enterprises with Carrier-Grade Routing..
11/29 JUNIPER NETWORKS, INC. : ex-dividend day
11/28 JUNIPER : Appoints New Human Resources Leader
11/21 JUNIPER : Announces Date and Webcast Information for Upcoming Investor Conferenc..
11/18 JUNIPER NETWORKS INC : Amendments to Articles of Inc. or Bylaws; Change in Fisca..
11/17 CISCO : profit forecast misses estimates, shares slip
11/11 JUNIPER : Asbury students, staff pose for peace Staff report
More news
Sector news : Communications & Networking - NEC
05:25pDJPebble to Shut Down as Fitbit Acquires Team
01:47pDJINTEL : Qualcomm Unveils Chip to Attack Intel Server Stronghold
12/01DJMARKET SNAPSHOT : Dow Closes At Record High, Nasdaq Slumps On Weak Technology St..
12/01DJFitbit Set to Acquire Smartwatch Maker Pebble
11/30 Siemens hires Cisco manager to add high-tech acumen to board
More sector news : Communications & Networking - NEC
News from SeekingAlpha
12/05 JUNIPER NETWORKS : Poised For Growth
12/02 Juniper Networks To Acquire AppFormix For Machine Learning Network Tech
11/29 Juniper Networks goes ex-dividend today
11/21 Cisco's Service Provider Fallout Points To Telecom 2.0
11/16 Goldman makes Juniper Conviction Buy on Switching sales momentum
Advertisement
Financials ($)
Sales 2016 4 953 M
EBIT 2016 1 143 M
Net income 2016 579 M
Finance 2016 1 091 M
Yield 2016 1,51%
P/E ratio 2016 18,14
P/E ratio 2017 16,47
EV / Sales 2016 1,85x
EV / Sales 2017 1,70x
Capitalization 10 242 M
More Financials
Chart JUNIPER NETWORKS, INC.
Duration : Period :
Juniper Networks, Inc. Technical Analysis Chart | JNPR | US48203R1041 | 4-Traders
Full-screen chart
Technical analysis trends JUNIPER NETWORKS,...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 27,8 $
Spread / Average Target 3,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Rami Rahim Chief Executive Officer & Director
Scott G. Kriens Chairman
Ken Miller Chief Financial Officer & Executive Vice President
Pradeep S. Sindhu Vice Chairman & Chief Technical Officer
Robert Worrall Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
JUNIPER NETWORKS, INC.-2.43%10 242
CISCO SYSTEMS, INC.8.01%147 230
QUALCOMM, INC.32.76%99 616
TELEFONAKTIEBOLAGET LM..-42.10%18 097
MOTOROLA SOLUTIONS INC20.12%13 646
HARRIS CORPORATION22.53%13 233
More Results