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Technology Stocks : Juniper Networks - JNPR -- Ignore unavailable to you. Want to Upgrade?


To: Wizard who wrote (746)8/19/1999 8:04:00 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 3350
 
Do you like jnpr or rbak better here? At this level for jnpr I would ordinarily say a split was justified, but that would be 100mm shares outstanding at this early stage in the game...?



To: Wizard who wrote (746)8/19/1999 8:10:00 PM
From: Wes Stevens  Respond to of 3350
 
Wizard,

You said that there was 4.8 million shares out when you meant to say there are 4.8 million shares in the float. Your last post was totally correct there are not enough shares to go around and all of the funds would have liked to have gotten a piece of this guy. I doubt they are buying at this price. The small float will not stay that way forever. This is a hardware company. Those funds you named will want to see earning someday soon and some incredible revenue growth in the mean time. 10 billion dollar market cap is real hard to justify on 24 million a year in earnings. As I said in my previous post that is only 20 X CSCO's market cap and CSCO has 444 X their earnings. These guys don't even make their own equipment. Paying someone else to manufacture will not help their margins.