Needham downgraded Juniper (JNPR) to Hold from Buy without a price target. The firm thinks Juniper is a good fit with HP Enterprise (HPE), and expects the deal to be completed without issues, as Juniper and HPE combined are substantially smaller than market leader Cisco (CSCO). The combined company would be much more competitive with Cisco, and Juniper’s Mist AI technology also should fit nicely in the HPE product line over time, the analyst tells investors in a research note.
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