Juniper Networks Sees Large Decline in Short Interest (JNPR)
Shares of Juniper Networks (NYSE:JNPR) saw a significant decline in short interest in April. As of April 30th, there was short interest totalling 14,658,376 shares, a decline of 40.6% from the April 15th total of 24,684,516 shares, AnalystRatings.Net reports. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 9,372,241 shares, the days-to-cover ratio is currently 1.6 days.
In other Juniper Networks news, Insider Vincent Molinaro sold 22,721 shares of Juniper Networks stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $24.83, for a total transaction of $564,162.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
JNPR has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and an average price target of $27.63.
Shares of Juniper Networks (NYSE:JNPR) opened at 24.70 on Friday. Juniper Networks has a one year low of $17.15 and a one year high of $28.75. The stock’s 50-day moving average is $24.92 and its 200-day moving average is $24.18. The company has a market cap of $11.702 billion and a price-to-earnings ratio of 27.32.
Juniper Networks (NYSE:JNPR) last announced its earnings results 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. On average, analysts predict that Juniper Networks will post $1.62 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.