Fisher Asset Management LLC and Swiss National Bank reduced their shareholding in Juniper Networks, Inc. while Natixis Advisors L.P. and Victory Capital Management Inc. increased theirs. Needham downgraded the company's rating citing the likely completion of an HPE deal. There are reports of Juniper's acquisition by Hewlett Packard Enterprise (HPE) for $14 billion. The company exceeded Q2 earnings and revenue estimates but lagged behind in Q4 earnings and revenue estimates as well as Q1 earnings. EVP COO Manoj Leelanivas sold a significant number of shares and analysis reveals a mixed bag of growth and challenges for the company. Juniper is expected to expand its networking portfolio with an 800G router and has been tagged as a top-ranked value stock. Despite some sell-offs, the stock has had strong trading days and showed significant jumps after HPE takeover reports.
Juniper Networks JNPR News Analytics from Thu, 17 Aug 2023 07:00:00 GMT to Fri, 10 May 2024 09:47:17 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor 2
