As previously reported, Needham analyst Alex Henderson upgraded Juniper to Buy with a price target of $29, saying the stock may have some "renewed life" after several years of persistent declines. The analyst cites the company's "easy comps" anticipated for Q4 of this year and the first half of 2020, along with the improved dynamics in the optical markets. Henderson further notes that Juniper stands to benefit from the rebound in cloud spending along with the product cycle timing, adding that the valuation on the shares looks "washed out" at 10.2-times enterprise value to his expected 2020 EBITDA.