Juniper Networks (JNPR) to Release Earnings on Tuesday
Juniper Networks (NASDAQ:JNPR) is scheduled to post its Q313 quarterly earnings results on Tuesday, October 22nd. Analysts expect Juniper Networks to post earnings of $0.31 per share and revenue of $1.17 billion for the quarter. Juniper Networks has set its Q3 guidance at $0.29-0.32 EPS.
Juniper Networks (NASDAQ:JNPR) last posted its quarterly 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 previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts expect Juniper Networks to post $1.20 EPS for the current fiscal year and $1.34 EPS for the next fiscal year.
Shares of Juniper Networks (NASDAQ:JNPR) opened at 20.82 on Monday. Juniper Networks has a one year low of $15.62 and a one year high of $22.98. The stock has a 50-day moving average of $20.72 and a 200-day moving average of $19.21. The company has a market cap of $10.552 billion and a P/E ratio of 35.90.
Several analysts have recently commented on the stock. Analysts at MKM Partners upgraded shares of Juniper Networks from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 16th. They now have a $26.00 price target on the stock, up previously from $24.00. On a related note, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company. Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $20.95.
Juniper Networks, Inc (NASDAQ:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.