Wedbush upgrades JNPR from neutral to outperform. Raises PT from $24 to $32. That's a big upgrade. Doesn't look like there will be a ERIC acquisition but there could be others. At any rate, should be $30s soon.
Good insight, ERIC also has a lot of cash with manageable debt. They could take on more or use stock. Need to do something with that $8 billion. Usually once these companies get "in play" some one buys them. I think JNPR is the perfect candidate. JNPR has reduced the share count over the last year by about 10% which will make it more attractive.
Also, Elliott owns 10% and earlier pushed RVBD to sell. They have two new "reps" on the board, I am sure much is going on behind the scenes. Mid 30s would be great.
Unusual that three analyst have just published a neutral or sell on JNPR in the last three days and down play a buyout. Seems suspicious.... with all the recent buy out chatter, could be an manipulative effort to prevent a PPS run up that would require a higher bid. Seems every time there is a move up in the PPS, it is quickly sold down. I wouldn't be surprised with these criminals. Still like the chances, it doesn't have to be ERIC.
Denholm at the BOA ML conference just reaffirmed their expectation for the 2H of 2015 to be better than last year, as well as, 1H of this year and in line with their forecast. They have released a lot of new innovative products. This was the area this idiot, Genovese stated they would not achieve. I think the company CFO knows more about the 2H for their business than this moron.
Hopefully, he will be fired for making a fool of himself. The PPS should continue the upward momentum. Agree, highly likely there will be a buy out.
BOA ML upgraded to a buy with a $34 PT just weeks ago. The CFO presents 6-2 at a BOA ML event and should squash this idiot's opinion. Typical corrupt analyst manipulation.
"Notes Genovese, his is one of only two Sell recommendations, with 10 buys and 20 Neutrals on the stock, with the upbeat view on the Street backed by the notion that carrier spending will rise the second half of this year"