Juniper Networks Target of Unusually High Options Trading (JNPR)
Juniper Networks (NASDAQ:JNPR) was the recipient of unusually large options trading on Wednesday. Investors acquired 23,061 put options on the stock, AnalystRatings.NET reports. This represents an increase of 794% compared to the average volume of 2,579 put options.
A number of research firms have recently commented on JNPR. Analysts at Zacks reiterated a “neutral” rating on shares of Juniper Networks in a research note to investors on Friday, December 20th. They now have a $22.00 price target on the stock. Separately, analysts at Argus reiterated a “positive” rating on shares of Juniper Networks in a research note to investors on Wednesday, December 18th. They now have a $20.96 price target on the stock, down previously from $28.00. Finally, analysts at Citigroup Inc. initiated coverage on shares of Juniper Networks in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.55.
Juniper Networks (NASDAQ:JNPR) traded down 1.35% on Thursday, hitting $22.61. 5,844,214 shares of the company’s stock traded hands. 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 $21.35 and its 200-day moving average is $20.46. The company has a market cap of $11.418 billion and a P/E ratio of 30.85.
Juniper Networks (NASDAQ:JNPR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Juniper Networks will post $1.23 earnings per share for the current fiscal year.
Juniper Networks, Inc (NASDAQ:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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