Forecast Of The Day: Juniper’s Switching Revenue
What?
Juniper’s (NASDAQ:JNPR) Switching Revenue rose from around $900 million in 2019 to about $920 million in 2020. Trefis expects the metric to rise to close to $980 million in 2022 and to about $1 billion in 2023.
Why?
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We expect growth to be driven by higher demand for networking products as corporate IT spending rises and the company’s progress with network virtualization offerings.
So What?
We think the projected growth is more than priced into JNPR stock. We value Juniper at about $28 per share, about 18% below the current market price.
See Our Complete Analysis For Juniper
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| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| JNPR Return | -1% | -3% | 22% |
| S&P 500 Return | -1% | -6% | 100% |
| Trefis MS Portfolio Return | 3% | -7% | 265% |
[1] Month-to-date and year-to-date as of 2/16/2022
[2] Cumulative total returns since the end of 2016