PE of 85-- I was being nice...Bridge shows 92.40 and next yr 55.84 with NO Visibility--
interesting that after Tom-speak (CNBS) JNPR didnt move back up in the channel...
I heard comments about IBM spending more in networks and B2B...maybe we get a pop tomorrow
Bloomberg:
Juniper Networks Says It Didn't Change Forecast Today (Update1)
By Scott Lanman
Sunnyvale, California, May 10 (Bloomberg) -- Juniper Networks Inc., the No. 2 maker of high-capacity data-traffic routers, denied speculation that it lowered its financial targets after the shares fell 6.6 percent.
CNBC reported earlier that Juniper, on a conference call this afternoon, was forecasting earnings per share of $1.60 this year and $1.30 next year. Juniper spokeswoman Kathy Durr said the report was erroneous and the company wasn't changing its forecast. CNBC later corrected its report.
The conference call was with Buckingham Research Group analyst Gina Sockolow, about 40 to 50 of her clients and Juniper's investor-relations head, Randi Feigin, Sockolow said. Sockolow, who began coverage of Juniper shares on Tuesday with an ``accumulate'' rating, said her actual forecast is for $1.06 a share this year and $1.30 in 2002.
Juniper shares fell $3.76 to $53.61 on the Nasdaq Stock Market, then rebounded as high as $55.49 in after-hours trading. Cisco Systems Inc., the biggest maker of computer-networking equipment, is Juniper's top rival.
Last month, Juniper said it expects 2001 per-share profit, excluding some costs, of 90 cents to $1, less than what was then the average estimate from analysts of $1.05, according to First Call/Thomson Financial. Sales will rise to between $1.25 billion and $1.35 billion, lower than an earlier forecast of $1.5 billion to $1.6 billion, the company said.
The average 2001 profit estimate is now 96 cents a share. For 2002, analysts expect profit ranging from 91 cents to $1.36 a share, with an average estimate of $1.16, First Call said.
quote.bloomberg.com
Interesting " Juniper spokeswoman Kathy Durr said the report was erroneous and the company wasn't changing its forecast. "
guess can you say visibility or hope? |
