Juniper Networks Rating Reiterated by Nomura (JNPR)
Juniper Networks (NASDAQ:JNPR)‘s stock had its “neutral” rating reaffirmed by analysts at Nomura in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. They currently have a $21.00 price objective on the stock. Nomura’s price target would suggest a potential upside of 3.14% from the stock’s previous close.
Juniper Networks (NASDAQ:JNPR) opened at 20.36 on Wednesday. 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 $20.72 and a 200-day moving average of $19.21. The company has a market cap of $10.319 billion and a P/E ratio of 35.10.
Juniper Networks (NASDAQ:JNPR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.22 earnings per share. Juniper Networks’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Juniper Networks will post $1.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on JNPR. Analysts at RBC Capital raised their price target on shares of Juniper Networks from $24.00 to $26.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at FBR Capital Markets reiterated an “underperform” rating on shares of Juniper Networks in a research note to investors on Monday. Finally, 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. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and an average price target 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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