JNPR

Juniper Networks, Inc.

TMT


Presented:06/14/2019
Price:$26.64
Cap:$9.17B
Current Price:$38.98
Cap:$12.83B

Presented

Date06/14/2019
Price$26.64
Market Cap$9.17B
Ent Value$7.71B
P/E Ratio16.59x
Book Value$13.78
Div Yield2.85%
Shares O/S344.33M
Ave Daily Vol3,381,174
Short Int8.22%

Current

Price$38.98
Market Cap$12.83B
Juniper Networks, Inc. engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S. Sindhu on February 6, 1996 and is headquartered in Sunnyvale, CA.

Publicly traded companies mentioned herein: Arista Networks (ANET), Broadcom Inc (AVGO), Cisco Systems (CSCO), Juniper Networks Inc (JNPR), Nokia OYJ (NOK)

Highlights

The presenter is short shares of Juniper Networks (JNPR) at $26.50, seeing downside to $20 over 6 – 12 months. This target is based on applying an 11x P/E multiple to base case 2020 EPS of $1.80 (~$0.20/share below consensus expectations, and 2.5 turns of multiple compression). JNPR should have to revise forecasts lower over the next two to four quarters due to competitive pressures in each of JNPR’s business lines, as well as secular and cyclical industry dynamics (as highlighted by Broadcom’s recent commentary, there was a spending pause in May).

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Idea Discussion

Commentor 1 - 2 weeks ago

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