Juniper Networks Given New $26.00 Price Target at RBC Capital (JNPR)
Equities researchers at RBC Capital hoisted their target price on shares of Juniper Networks (NASDAQ:JNPR) from $24.00 to $26.00 in a research report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 36.48% from the stock’s previous close.
Juniper Networks (NASDAQ:JNPR) traded down 6.43% on Wednesday, hitting $19.05. 18,849,688 shares of the company’s stock traded hands. Juniper Networks has a one year low of $15.62 and a one year high of $22.98. The stock’s 50-day moving average is $20.72 and its 200-day moving average is $19.21. The company has a market cap of $9.655 billion and a P/E ratio of 35.10.
Juniper Networks (NASDAQ:JNPR) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 6.1% 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.
JNPR has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets reiterated an “underperform” rating on shares of Juniper Networks in a research note to investors on Monday. Separately, 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. Finally, 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. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.37.
Juniper Networks, Inc (NASDAQ:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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