Juniper Networks (NASDAQ:JNPR)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Wednesday, ARN reports. They currently have a $22.00 price target on the stock. Zacks‘ price objective would suggest a potential upside of 3.09% from the company’s current price.
Zacks‘ analyst wrote, “Juniper delivered decent second-quarter 2013 results, beating the Zacks Consensus Estimate and witnessing decent revenue growth. The company provided decent third-quarter guidance and also expects good operating performance. The company witnessed strong revenue growth in some of its key business markets and is confident of having a good routing and switching portfolio, like introduce a new product like the EX9200. While the company’s new products, cost reduction initiatives and improving execution are positives, we remain cautious about the increasing competition. We, therefore, believe that despite Juniper’s position in the networking space and growth potential across its served markets, the shares will remain range bound. Juniper has a Neutral recommendation. “
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets raised their price target on shares of Juniper Networks to $26.75 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG upgraded shares of Juniper Networks from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Juniper Networks in a research note to investors on Wednesday. They now have a $21.00 price target on the stock, up previously from $18.00.
Three analysts have rated the stock with a sell rating, twenty have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.33.
Shares of Juniper Networks (NASDAQ: JNPR) traded up 0.98% during mid-day trading on Wednesday, hitting $21.55. Juniper Networks has a 52 week low of $14.55 and a 52 week high of $21.43. The stock’s 50-day moving average is currently $19.40. The company has a market cap of $10.910 billion and a P/E ratio of 42.68.
Juniper Networks (NASDAQ:JNPR) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Juniper Networks has set its Q3 guidance at $0.29-0.32 EPS. On average, analysts predict that Juniper Networks will post $1.14 earnings per share for the current fiscal year.
Juniper Networks, Inc (NASDAQ: JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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