Short Interest in Juniper Networks Decreases By 23.3% (JNPR)
Juniper Networks (NYSE:JNPR) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 24,684,516 shares, a drop of 23.3% from the March 31st total of 32,180,992 shares, AR Network reports. Based on an average trading volume of 7,313,909 shares, the short-interest ratio is currently 3.4 days. Approximately 5.1% of the company’s shares are sold short.
In other Juniper Networks news, EVP Pradeep Sindhu sold 55,000 shares of Juniper Networks stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $24.72, for a total value of $1,359,600.00. Following the transaction, the executive vice president now directly owns 1,762,214 shares of the company’s stock, valued at approximately $43,561,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Juniper Networks in a research note on Friday, April 25th. They now have a $30.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Juniper Networks in a research note on Wednesday, April 23rd. They now have a $28.00 price target on the stock. Finally, 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, April 23rd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $27.80.
Shares of Juniper Networks (NYSE:JNPR) opened at 24.64 on Friday. Juniper Networks has a 52 week low of $16.84 and a 52 week high of $28.75. The stock’s 50-day moving average is $25.26 and its 200-day moving average is $23.78. The company has a market cap of $11.980 billion and a P/E ratio of 27.41.
Juniper Networks (NYSE:JNPR) last released its earnings data on Tuesday, April 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. 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 previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Juniper Networks will post $1.62 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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