Juniper targets 20 pct revenue growth long term

NEW YORK, March 6 (Reuters) - Network equipment maker Juniper Networks Inc (JNPR.O: Quote, Profile, Research) said on Thursday that it was targeting annual revenue growth of 20 percent for the long term.

Chief Financial Officer Robyn Denholm, speaking at the company's analyst day event, reiterated Juniper's outlook for 2008 earnings per share of $1.08 to $1.13 on revenue of $3.40 billion to $3.55 billion.

She also said Juniper's long-term target for gross margins is 66 percent to 68 percent, compared with 67.9 percent reported for 2007. (Reporting by Ritsuko Ando; Editing by Lisa Von Ahn)