Mizuho Downgrades Juniper Networks to Neutral (JNPR)
Juniper Networks (NYSE:JNPR) was downgraded by equities research analysts at Mizuho from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $26.00 target price on the stock, down from their previous target price of $32.00. Mizuho’s target price suggests a potential upside of 2.97% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Buckingham Research initiated coverage on shares of Juniper Networks in a research note on Thursday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.39.
Juniper Networks (NYSE:JNPR) opened at 25.25 on Thursday. Juniper Networks has a one year low of $18.05 and a one year high of $28.75. The stock’s 50-day moving average is $24.75 and its 200-day moving average is $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 issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.24 earnings per share. Juniper Networks’s revenue was up 10.5% compared to the same quarter last year. 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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