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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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 CEST

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.
06/20 JUNIPER : Unveils Cloud-Grade Networking to Accelerate Agility and Innovation in..
06/14 JUNIPER : i3D.net Selects Juniper Networks Software Defined Secure Networks Plat..
06/09 JUNIPER : Combine Solicitation - Juniper Chassis Equipment & Support
06/07 Juniper Security Platform Now Supports Cisco Switches
06/07 JUNIPER : Announces New Leadership for EMEA Business
06/06 JUNIPER : enhances SDSN platform
06/06 JUNIPER : Unifies Security Enforcement Across the Entire Enterprise with Softwar..
06/05 NEC partners with Infinera and Juniper Networks for network control, automati..
06/01 NEC/Netcracker, Infinera, Juniper Networks partner for Transport SDN
06/01 INFINERA : Netcracker Teams with Infinera, Juniper on SDN
More news
Sector news : Network Equipment
08:48aDJQUALCOMM : Loses Bid to Dismiss FTC Case -- WSJ
06/27 U.S. antitrust lawsuit against Qualcomm to proceed, judge rules
06/27DJQUALCOMM : Judge Denies Qualcomm Motion to Dismiss FTC's Competition Lawsuit
06/27DJQUALCOMM : Judge Denies Qualcomm Motion to Dismiss FTC's Lawsuit -- Update
06/26 Apple, Cisco team up to push for cyber security insurance discounts
More sector news : Network Equipment
News from SeekingAlpha
06/14 Nokia's fast routers pursue Web-scale customer base
06/07 Juniper Networks taps Brocade exec to lead EMEA
05/26 Juniper Networks goes ex-dividend on Tuesday
05/18 JUNIPER NETWORKS : Is It Time To Buy?
05/05 STARBUCKS : The Unicorn In The Report
Advertisement
Financials ($)
Sales 2017 5 242 M
EBIT 2017 1 240 M
Net income 2017 603 M
Finance 2017 1 681 M
Yield 2017 1,45%
P/E ratio 2017 17,07
P/E ratio 2018 15,56
EV / Sales 2017 1,72x
EV / Sales 2018 1,62x
Capitalization 10 676 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
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 30,7 $
Spread / Average Target 9,9%
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 Chief Technology Officer & Chief Scientist
Robert Worrall Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
JUNIPER NETWORKS, INC.-1.13%10 676
FUJIAN STAR-NET COMMUN..--.--%1 562
ACCTON TECHNOLOGY CORP..--.--%1 466
KANGXIN NEW MATERIALS ..-6.71%1 335
EXTREME NETWORKS, INC95.33%1 082
KAPSCH TRAFFICCOM AG32.00%710
More Results