Jefferies Initiates Juniper at Buy (JNPR)

Jefferies is out today with its report on Juniper (NYSE: JNPR), initiating JNPR at Buy with a $46.00 price target.

In its note to clients, Jefferies writes, "The company is guiding for top line growth of 20%+ compounded annually over the next 3-5 years. They expect the Service Provider business segment and Enterprise business segment to grow at compounded annual rates of 18-20% and 25-30%, respectively. Our analysis suggests that these growth projections are beatable. Moreover, Street expectations don't fully recognize Juniper's growth potential."

At the time of posting, shares of JNPR were trading at $38.22, up 0.63% from Wednesday's close.