Juniper Networks (JNPR) Stock Rises as CyberAgent Announces Partnership
Bloomberg News
NEW YORK (TheStreet) -- Shares of Juniper Networks (JNPR) - Get Report are climbing by 1.08% to $23.40 on Tuesday, after the Japanese internet services provider CyberAgent selected the company to help expand its network infrastructure.
The Sunnyvale, CA-based network product developer will work with CyberAgent to move its network infrastructure to the cloud, the company said. CyberAgent's internet platform currently has 40 million registered users.
"The wide-scale popularity of CyberAgent's services and offerings demands a stellar networking infratructure offering the best in performance, automation and stability," said Tomohiro Furuya, country manager of Japan for Juniper Networks, in a company release.
CyberAgent will use Juniper Networks' MX480 3D Universal Edge Routers and QFX5100 Director and EX3300 Ethernet Switches to transition to the cloud, the company said.
Juniper Networks is expected to report second quarter earnings next Thursday after markets close.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate JUNIPER NETWORKS INC as a Buy with a ratings score of B-. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: JNPR
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