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Juniper Networks gets thumbs-up from analysts

Juniper Networks Inc. (Nasdaq: JNPR) inched up 1 to 119 3/4 after it topped analysts' estimates in its fourth quarter and received plaudits from a pair of brokerage firms.

In the quarter, Juniper Networks earned $4.8 million, or 3 cents a share, on sales of $45.4 million.

In the year-ago quarter, Juniper Networks lost $8.6 million, or 21 cents a share, on sales of $3.8 million.

For the year, Juniper lost $4.7 million, or 5 cents a share, on sales of $102.6 million compared to a loss of $29.7 million, or 76 cents a share, on sales of $3.8 million in fiscal 1998.

"The fourth quarter continues a pattern of consistent execution and expansion of the company's prospects," said CEO Scott Kriens in a prepared release.

On Wednesday, CS First Boston analyst Paul Weinstein said strong international sales and growing customer diversity bode well for the company in fiscal 2000.

Weinstein raised his fiscal 2000 revenue estimate from $198.6 million to $246 million and bumped his fiscal 2001 estimate from $292.2 million to $350 million.

Juniper shares are rated either a "buy" or "strong buy" by all 11 analysts following the stock.

Warburg Dillon Read analyst Nikos Theodosopoulos raised his 12-month price target for Juniper Networks to $155 a share from $128.

He also raised his 2000 estimates for Juniper to 10 cents a share from 8 cents a share, 2001 estimates to 24 cents a share from 20 cents a share, and 2002 estimates to 39 cents a share from 35 cents a share.

Juniper shares are rated either a "buy" or "strong buy" by all 11 analysts following the stock.