Juniper Networks (NYSE:JNPR) Solid in High Growth Segments

Liking how Juniper Networks (NYSE:JNPR) has positioned itself high growth segments of the market, Needham & Company initiates coverage on them with a "Buy" rating.

Needham said, "JNPR appears well positioned in relatively high growth segments of the market demonstrated by its share gains primarily in service provider edge routers, Carrier Ethernet (routing), security and in enterprise switching based largely on traction of key recent products including its MX and MX3D, SRX and EX product lines (disclosed quarterly; $1.18B in LTM). Prospects appear favorable for continued share gains in each of these areas."

Juniper Networks closed Friday at $36.49, down $0.21, or 0.57 percent. Needham has a price target of $42 on them.