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Fly News Breaks for November 10, 2015
JNPR, CSCO, ERIC
Nov 10, 2015 | 08:50 EDT
Bernstein says it's disappointed that Ericsson (ERIC) decided to sign a partnership deal with Cisco (CSCO) instead of acquiring Juniper (JNPR). According to Bernstein, the latter transaction would have provided Ericsson with more near-term financial benefits, more favorable capital deployment, and a better long-term outlook. Bernstein is "skeptical" about Ericsson's ability to obtain the long-term strategic benefits it foresees from the Cisco deal. Nonetheless Bernstein keeps a $14.46 price target and Outperform rating on Ericsson.
News For ERIC;CSCO;JNPR From the Last 2 Days
