- Juniper Networks (NYSE:JNPR) is off 5.8% premarket as Goldman Sachs cuts the stock to Sell with an eye toward shrinking revenue.
- Product transitions are "only half finished," Goldman says, and likely to result in revenue declines continuing this year and faster than consensus; the company's lagging the transition to 100G and data center switching is unlikely to be a growth driver in 2018. (h/t Bloomberg)
- Goldman cut its price target to $21 from $26, implying 17.4% downside.
Juniper Networks -6% as Goldman moves to Sell
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| Symbol | Last Price | % Chg |
|---|---|---|
| JNPR | - | - |
| Juniper Networks, Inc. | ||