Juniper Networks (JNPR) Announces Quarterly Results
Juniper Networks (NYSE:JNPR) posted its quarterly earnings results on Tuesday. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29, American Banking and Market News reports. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Juniper Networks updated its Q2 guidance to $0.36-0.39 EPS.
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald cut their price target on shares of Juniper Networks from $37.00 to $32.00 in a research note on Wednesday. They now have a “buy” rating on the stock. On the ratings front, analysts at UBS AG cut their price target on shares of Juniper Networks from $33.00 to $32.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at SunTrust initiated coverage on shares of Juniper Networks in a research note on Thursday, April 10th. They set a “buy” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $27.95.
Juniper Networks (NYSE:JNPR) traded down 4.25% on Wednesday, hitting $24.79. The stock had a trading volume of 5,980,644 shares. Juniper Networks has a 52-week low of $15.62 and a 52-week high of $28.75. The stock’s 50-day moving average is $25.71 and its 200-day moving average is $23.44. The company has a market cap of $12.423 billion and a price-to-earnings ratio of 30.10. Juniper Networks also saw a significant drop in short interest in the month of January. As of March 31st, there was short interest totalling 32,180,992 shares, a drop of 22.8% from the March 14th total of 41,659,828 shares. Approximately 6.6% of the shares of the company are sold short. Based on an average daily volume of 5,942,997 shares, the short-interest ratio is presently 5.4 days.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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