Juniper Networks Stock Rating Upgraded by TheStreet (JNPR)
Juniper Networks (NYSE:JNPR) was upgraded by research analysts at TheStreet to a “buy” rating in a report released on Monday, American Banking & Market News reports.
Shares of Juniper Networks (NYSE:JNPR) traded down 0.18% on Monday, hitting $27.67. 5,847,201 shares of the company’s stock traded hands. Juniper Networks has a 52-week low of $15.62 and a 52-week high of $28.75. The stock has a 50-day moving average of $23.05 and a 200-day moving average of $20.96. The company has a market cap of $13.973 billion and a P/E ratio of 37.31.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Juniper Networks will post $1.23 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Juniper Networks from $19.00 to $26.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group raised their EPS on shares of Juniper Networks in a research note to investors on Friday. They now have a “hold” rating and a $25.50 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.06.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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