Juniper Networks, Inc.

Juniper’s stock has seen good upward momentum with its results around the corner. The company had delivered better-than-expected results in the last quarter with its total revenues as well as earnings exceeding Wall Street expectations. Total product sales grew, and it saw year-over-year double-digit revenue growth across all consumer solutions and consumer verticals. Overall demand remained healthy in the last quarter and Experience First Networking continues to resonate across every market served by Juniper. The cloud business of Juniper also delivered solid quarterly result with revenue growth. The service provider business of the company also performed well. There is particular strength in Juniper’s MX product family, where the company’s newer Trio 6-based products like the MX304, LC9600 Line Card, and MX 10K continued performing well. Juniper is also seeing decent demand for its 400-gig products. Abstract Freeform was launched recently and provides flexible deployment options and expansion in the list of potential customers. We provide the stock of Juniper with a ‘Hold rating and a revision in the target price.