Juniper Networks Receives New Coverage from Analysts at Buckingham Research (JNPR)
Buckingham Research assumed coverage on shares of Juniper Networks (NYSE:JNPR) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Juniper Networks (NYSE:JNPR) opened at 25.25 on Thursday. Juniper Networks has a 52 week low of $18.05 and a 52 week high of $28.75. The stock has a 50-day moving average of $24.75 and a 200-day moving average of $24.91. The company has a market cap of $11.962 billion and a P/E ratio of 27.99.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, April 22nd. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters 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 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. On average, analysts predict that Juniper Networks will post $1.62 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on JNPR. Analysts at Morgan Stanley initiated coverage on shares of Juniper Networks in a research note on Wednesday. They set an “equal weight” rating on the stock. Separately, 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 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. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks has an average rating of “Hold” and a consensus price target of $27.39.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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