(Marketwired – Jan 15, 2015) – Juniper Networks (NYSE: JNPR), the industry leader in network innovation, has promoted Jonathan Davidson to executive vice president and general manager of Juniper Development and Innovation. In his new role, Davidson will drive strategy, development and business growth for Juniper’s routing, switching, and security businesses as well as oversee the evolution of Juniper’s silicon and software. Davidson is replacing Rami Rahim, who was recently named CEO. Davidson will report to Rahim.
“I am excited to promote Jonathan to executive vice president and general manager of Juniper Development and Innovation,” said Rahim. “He is a forward-thinking industry leader with a successful track record of understanding what customers need to run high-performance networks that are reliable, scalable and secure.”
Davidson joined Juniper Networks in 2010 where he was responsible for the Edge Routing and Aggregation Business product management and strategy. In Q3 2014, Davidson was appointed senior vice president and general manager for Juniper Networks Security, Switching and Solutions Business Unit, where he was responsible for the innovation, growth and product development of the company’s market-leading security and switching solutions.
“I am honored to lead the Juniper Development and Innovation team, which is focused on delivering groundbreaking technologies, products, solutions and software to help our customers solve their most critical business problems,” said Davidson.
Davidson has spent more than 15 years as a technology leader focused on developing innovative solutions. To view his complete biography, please visit http://www.juniper.net/us/en/company/leadership/.
About Juniper Networks
Juniper Networks (NYSE: JNPR) delivers innovation across routing, switching and security. From the network core down to consumer devices, Juniper Networks’ innovations in software, silicon and systems transform the experience and economics of networking. Additional information can be found at Juniper Networks (www.juniper.net) or connect with Juniper on Twitter and Facebook.
Juniper Networks and Junos are registered trademarks of Juniper Networks, Inc. in the United States and other countries. The Juniper Networks and Junos logos are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
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Shares of Juniper Networks opened today at $21.39 . JNPR has a 1-year high of $28.75 and a 1-year low of $18.41. The stock’s 50-day moving average is $22.15 and it’s 200-day moving average is $22.26.
On the ratings front, Juniper Networks has been the subject of a number of recent research reports. In a report published on December 9, analyst Rohit Chopra from Wedbush initiated coverage with a Hold rating on JNPR and a price target of $23, which implies an upside of 7.5% from current levels. Separately, on December 8, Deutsche Bank`s Brian Modoff reiterated a Hold rating on Juniper Networks shares and has a price target of $19.
In total, 10 research analysts have assigned a Hold rating and 9 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $21.39 which is 8.7% above where the stock opened today.
Juniper Networks, Inc., designs, develops & sells products & services that provide its customers with network infrastructure built on simplicity, security, openness & scale. It offers services from PSD & SSD segments to service providers & enterprises.