Investors Buy Large Volume of Juniper Networks Call Options (JNPR)
Shares of Juniper Networks (NASDAQ:JNPR) was the target of unusually large options trading activity on Friday. Traders acquired 8,757 call options on the company, Stock Ratings Network.com reports. This is an increase of approximately 332% compared to the typical daily volume of 2,026 call options.
A number of research firms have recently commented on JNPR. Analysts at Cantor Fitzgerald initiated coverage on shares of Juniper Networks in a research note to investors on Thursday, September 19th. They set a “buy” rating and a $26.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Juniper Networks in a research note to investors on Wednesday, September 18th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, analysts at RBC Capital reiterated a “hold” rating on shares of Juniper Networks in a research note to investors on Thursday, September 12th. They now have a $24.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.86.
Juniper Networks (NASDAQ:JNPR) opened at 20.85 on Monday. Juniper Networks has a 52-week low of $15.62 and a 52-week high of $22.98. The stock has a 50-day moving average of $20.32 and a 200-day moving average of $19.21. The company has a market cap of $10.568 billion and a price-to-earnings ratio of 35.95.
Juniper Networks (NASDAQ:JNPR) last announced its earnings results on Tuesday, July 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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.
Juniper Networks, Inc (NASDAQ:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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