Juniper Networks

(JNPR) - Get Report

was up 6.6% in early trading after

Merrill Lynch

began coverage with an accumulate rating and set its 12- to 18-month price target at $110. Merrill said Juniper has emerged as one of the leading companies in the high-end router market.

Merrill also started

TheStreet Recommends

Extreme Networks

(EXTR) - Get Report

with an accumulate rating and set its target at $48. Extreme was up 12.8%.

Other network equipment companies were also rising, among them

Cisco Systems

(CSCO) - Get Report

, which was ahead 3%.