Juniper Networks Coverage Initiated by Analysts at Morgan Stanley (JNPR)
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Juniper Networks in a research note on Friday, June 13th. They now have a $30.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.63.
Juniper Networks (NYSE:JNPR) opened at 25.19 on Wednesday. Juniper Networks has a 52 week low of $18.05 and a 52 week high of $28.75. The stock’s 50-day moving average is $24.7 and its 200-day moving average is $24.91. The company has a market cap of $11.934 billion and a P/E ratio of 27.70.
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.
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