Could Juniper Networks be on the upswing?

Well, one financial analyst believes so. Ittai Kidron, an analyst with Oppenheimer, is so confident about Juniper's prospects that he upgraded the company's shares last Friday. Kidron believes that an uptick in service provider spending in 2010 will fuel Juniper's growth so he upgraded the company's rating to "Outperform" from "Perform."

Carrier spending is not the only area that could produce benefits for Juniper. Oppenheimer believes that ongoing data center consolidation and virtualization will help the Sunnyvale, Ca.-based vendor gain a larger foothold in the enterprise market. Juniper suffered a minor setback last Thursday when Hewlett-Packard announced it would acquire the struggling 3Com. Industry insiders believe that Juniper may have missed out on an opportunity to be a consolidator in the network equipment market.

For more:
- CED has this article

Suggested Articles

Vodafone Business announced this week that it has launched a new resource hub to help businesses bounce back from the impact of the COVID-19 pandemic.

CenturyLink's Shaun Andrews has a contrarian view in regards to how much the pandemic fueled digital transformations.

Data center provider Stream Data Centers is leaning on Cox Business' fiber network for its new data center campus in Goodyear, Arizona.