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Fly News Breaks for September 19, 2018
JNPR
Sep 19, 2018 | 07:37 EDT
Nomura Instinet analyst Jeffrey Kvaal upgraded Juniper Networks to Buy from Neutral and raised his price target for the shares to $34 from $28. The analyst believes Juniper "will finally be able to catch the webscale capex growth tailwind in 2019." He expects the company to recover from its webscale routing "annus horribilis," gain share in webscale switching, and continue its enterprise growth. Kvaal expects webscale capital expenditures to rise 40% in 2018 and he lifted his 2019 sales estimate for Juniper to 5%.
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