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