NEW YORK (TheStreet) -- Juniper Networks (JNPR) shares are up 2.2% to $24.54 on Monday after a Barron's article suggested that the company's shares could rise at lease 30% due to a current valuation that is lower than its peers despite its improving prospects.
The electronic infrastructure and service layers technology provider has a "superior revenue diversity, significant strategic relevance and a clear operating plan," according to a portfolio manager at Elliot Management who was interviewed for the article.
The analyst believes that the company is undervalued at $24 per share and believes that its should be trading at $32 per share.
TheStreet Ratings team rates JUNIPER NETWORKS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate JUNIPER NETWORKS INC (JNPR) a BUY. This is driven by multiple 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, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."