Juniper Networks Inc. (JNPR) Releases Q1 Earnings Guidance
Juniper Networks Inc. (NYSE:JNPR) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.27-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.29, StockRatingsNetwork.com reports. The company issued revenue guidance of 1.12-1.16, compared to the consensus revenue estimate of $1.14 billion.
A number of research firms have recently commented on JNPR. Analysts at RBC Capital raised their price target on shares of Juniper Networks from $26.00 to $28.00 in a research note to investors on Friday. They now have a sector perform rating on the stock. On a related note, analysts at Credit Suisse raised their price target on shares of Juniper Networks from $20.00 to $30.00 in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Juniper Networks from a sell rating to a neutral rating in a research note to investors on Friday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks currently has an average rating of Hold and an average price target of $26.34.
Juniper Networks Inc. (NYSE:JNPR) traded up 8.15% on Friday, hitting $28.13. The stock had a trading volume of 10,571,611 shares. Juniper Networks Inc. has a one year low of $15.62 and a one year high of $26.52. The stock’s 50-day moving average is $22.85 and its 200-day moving average is $20.90. The company has a market cap of $14.206 billion and a P/E ratio of 35.01.
Juniper Networks (NYSE:JNPR) last released its earnings data on Thursday, January 23rd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Juniper Networks Inc. will post $1.23 EPS for the current fiscal year.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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