Investment form UBS this week raised its estimates for Juniper Networks, citing improved visibility and order trends in the service provider market, and continuing traction in LAN switching. That means Cisco, too, is probably seeing the same trends; or that Juniper might be taking share from Cisco, as well as others.
UBS raised its Q2 revenue expectations for Juniper from $761 million to $765 million, and earnings per share a penny — from $.17 to $.18. The firm cites improving order trends in service provider since the end of Q1, when Juniper said it saw stability in the market and its stock responded with a substantial increase.
Funny, but when Cisco also said it detected stability in its business during the conference call on its FYQ3 results, the NASDAQ dropped by almost 3%…
UBS also raised its 2010 revenue expectations for Juniper’s LAN switching business from $162 million to $172 million. The firm is also raising its 2010 service provider routing sales estimates for Juniper, from 14% growth to 15%, due to the improved visibility.
Are we emerging from the bottom? It sure looks that way…
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