Juniper Networks Target of Unusually Large Options Trading (JNPR)
Shares of Juniper Networks (NASDAQ:JNPR) was the recipient of unusually large options trading on Thursday. Traders bought 25,247 call options on the stock, ARN reports. This is an increase of 258% compared to the average volume of 7,046 call 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 investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.55.
Shares of Juniper Networks (NASDAQ:JNPR) opened at 22.83 on Friday. 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 $21.44 and a 200-day moving average of $20.48. The company has a market cap of $11.529 billion and a price-to-earnings 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 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. 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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