Juniper Networks Given New $30.00 Price Target at ISI Group (JNPR)
Research analysts at ISI Group lifted their target price on shares of Juniper Networks (NYSE:JNPR) from $28.00 to $30.00 in a report released on Friday, AnalystRatings.Net reports. The firm currently has a “strong-buy” rating on the stock. ISI Group’s price objective indicates a potential upside of 9.45% from the company’s current price.
A number of other analysts have also recently weighed in on JNPR. Analysts at MKM Partners raised their price target on shares of Juniper Networks from $33.00 to $34.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Juniper Networks from $30.00 to $33.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Juniper Networks from a “neutral” rating to an “outperform” rating in a research note on Friday, February 7th. They now have a $32.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $28.03.
In other Juniper Networks news, CAO Terrance Spidell sold 1,686 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.26, for a total transaction of $45,960.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Juniper Networks (NYSE:JNPR) last released its earnings data on Thursday, January 23rd. The company reported $0.43 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.28 earnings per share. Juniper Networks’s revenue was up 11.7% compared to the same quarter last 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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