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Plan by Elliot Management to boost Juniper Shares

 (Image source: nez.nc.com)

It was revealed today through 13D filings that the hedge fund Elliot Management has acquired a 6.2 percent stake Juniper Networks, Inc. (NYSE:JNPR), the network infrastructure provider. As part of the investment, Elliot Management is seeking to boost shares of Juniper to a range of $35 to $40 a share. The plan from Elliot Management calls for a combination of share buybacks, cost cutting, increase dividend payout, and strengthen the value of Juniper’s product base. Shares of Juniper are surging on the news.