The Traderszone Network

Published in TZ Latest News 20 July, 2014 by The TZ Newswire Staff

Juniper Networks shares could climb 30 percent: Barron’s

Shares in network equipment maker Juniper Networks Inc. (JNPR.N) could rise 30 percent or more due to lower valuation relative to its peers and improving prospects, Barrons’ magazine reported over the weekend. It quoted Jesse Cohn, portfolio manager at Elliott Management, as saying the stock’s multiple is lower now despite a brightened financial outlook. Elliott is a $25 billion multi-strategy hedge fund which owns 8.3 percent of Juniper, worth $1 billion. Cohn sees Juniper’s stock trading at $32 based on the $2 earnings estimate, assuming the stock gets back to its favored multiple.