Juniper Networks Price Target Raised to $24.00 at MKM Partners (JNPR)
MKM Partners increased their price objective on shares of Juniper Networks (NASDAQ:JNPR) from $23.00 to $24.00 in a research note issued on Thursday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price suggests a potential upside of 12.10% from the company’s current price.
A number of other firms have also recently commented on JNPR. Analysts at Zacks reiterated a “neutral” rating on shares of Juniper Networks (NASDAQ:JNPR) in a research note to investors on Thursday, August 22nd. They now have a $21.00 price target on the stock. Separately, analysts at RBC Capital downgraded shares of Juniper Networks (NASDAQ:JNPR) from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, August 12th. They now have a $24.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at BMO Capital Markets reiterated a “hold” rating on shares of Juniper Networks (NASDAQ:JNPR) in a research note to investors on Wednesday, July 24th. They now have a $10.97 price target on the stock.
Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.76.
Shares of Juniper Networks (NASDAQ:JNPR) traded down 0.05% during mid-day trading on Thursday, hitting $21.40. The stock had a trading volume of 957,922 shares. Juniper Networks has a 52-week low of $15.62 and a 52-week high of $22.98. The stock’s 50-day moving average is $20.76 and its 200-day moving average is $19.19. The company has a market cap of $10.846 billion and a P/E ratio of 36.91.
Juniper Networks (NASDAQ:JNPR) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Juniper Networks will post $1.20 earnings per share for the current fiscal year.
In other Juniper Networks news, Director William Stensrud sold 20,000 shares of the stock on the open market in a transaction dated Friday, August 30th. The shares were sold at an average price of $19.06, for a total transaction of $381,200.00. Following the completion of the transaction, the director now directly owns 5,531 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Juniper Networks, Inc (NASDAQ:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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