Fly News Breaks for October 7, 2015
JNPR
Oct 7, 2015 | 08:33 EDT
JPMorgan analyst Rod Hall commented on Juniper Networks (JNPR) after media reports speculated that the company hired Goldman Sachs to assist in taking it private for $32 per share. The reported price is fair given current execution and macro uncertainty, Hall tells investors in a research note. However, good execution and routing market momentum could yield a $34 share price, the analyst adds. Nonetheless, Hall concludes that a $32 per share price, if true, represents good value to shareholders. He keeps an Overweight rating on Juniper. The stock is up 3% to $29.35 in pre-market trading after Light Reading said its contacts confirmed the takeover speculation.
News For JNPR From the Last 2 Days
There are no results for your query JNPR