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Fly News Breaks for January 30, 2019
JNPR
Jan 30, 2019 | 09:17 EDT
RBC Capital analyst Mitch Steves lowered his price target on Juniper to $26 after its Q4 results and below-consensus FY19 guidance. The analyst notes that the company cited weaker Q1 cloud revenue, negative impact from the government shutdown, and a shift in its go-to-market strategy. Steves also keeps his Sector Perform rating on Juniper given its track record of "stable performance over the last four years", forecasting low single digit growth longer term on strength in the telecom, cable, and cloud provider market.
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