Juniper Networks (NYSE:JNPR) Building Competitive Content Delivery Portfolio

With video streaming showing no signs of slowing down, and bandwidth increasingly under pressure, Juniper Networks (NYSE:JNPR) continues to build out a strong content delivery portfolio. Canaccord says they maintain a "Buy" on Juniper in response.

"We view ownership of video delivery technology as critical to edge routing vendors, given persistent upward pressure on service provider bandwidth driven by video streaming, IPTV and mobile data. With today’s IP acquisition from Blackwave building upon the prior Ankeena deal, Juniper takes another step toward building a competitive portfolio of content delivery products addressing needs of service providers, content providers and CDNs," said Canaccord Genuity.

Juniper closed Friday at $34.73, rising by $0.35, or 1.02 percent. Canaccord has a price target of $39 on them.