Stifel Nicolaus Maintains Buy Rating On Juniper Networks, Inc. (JNPR)

Analysts Sanjiv Wadhwani and Christopher Casado at Stifel Nicolaus have released an update on Juniper Networks, Inc. (NYSE: JNPR). The company reported its first-quarter results on Tuesday.

Juniper reported revenue of $913 million and EPS of $0.27 in the first-quarter, which were ahead of expectations. However, results were positively impacted by $25 million due to new accounting related to revenue recognition.

Following the first-quarter results, analysts have raised their 2010 and 2011 EPS estimates for the company. 2010 EPS estimate has been raised from $1.11 to $1.17, while 2011 EPs estimate has been raised from $1.30 to $1.32.

Analysts at Stifel Nicolaus have maintained their Buy rating and $34 price target for Juniper Networks, Inc.