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Fly News Breaks for December 22, 2015
JNPR
Dec 22, 2015 | 08:07 EDT
After Juniper's stock declined following the company's announcement that it had found unauthorized code in its firewall that could enable hacking and the U.S. government said that foreign governments may have monitored its communications, Stifel says that the news may make it more difficult for the company to increase its security revenue in 2016. However, the firm thinks that the company's overall visibility has improved, while the impact of the news will probably be negligible since security only accounts for about 10% of the company's sales. Additionally, the firm expects the company's routing revenue to rise over the next 18 month. It keeps a $34 price target on the name.
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