Auriga Maintains Buy on Juniper Networks (JNPR)

Auriga is out with its report today on Juniper Networks JNPR, maintaining Buy.

In a note to clients, Auriga writes, "We maintain our Buy rating and $54 price target for Juniper, as the company laid out its disruptive, innovation-driven growth strategy in its Analyst Day today and also introduced its new packet transport switch for the 'super' core of service provider networks. JNPR also re-iterated its operating targets of 20%+ top-line growth and 25%+ operating margins. Combined with the growth potential of new QFabric data center product and MobileNext EPC solution, we continue to see JNPR as well positioned to grow at 20%+ rates with
significant operating leverage over the next 4-5 years. We remain buyers at these levels."

At the time of posting, shares of JNPR were trading pre-market at $44, up 0.55% from Thursday's close.