Juniper Networks (NASDAQ:JNPR)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Thursday, American Banking & Market News reports. They currently have a $21.00 target price on the stock. Zacks‘ price objective would indicate a potential upside of 5.53% from the company’s current price.
Zacks‘ analyst wrote, “Juniper delivered decent second-quarter 2013 results, beating the Zacks Consensus Estimate. The company witnessed moderate revenue growth. Its third quarter guidance was also modest as the company expects good operating performance. The company witnessed strong revenue growth in some of its key markets and is confident of a strong routing and switching portfolio with the introduction of EX9200. While the company’s new products, cost reduction initiatives and improving execution are positives, we remain cautious about 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. We remain Neutral on Juniper.”
JNPR has been the subject of a number of other recent research reports. Analysts at RBC Capital downgraded shares of Juniper Networks from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, August 12th. They now have a $24.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at BMO Capital Markets reiterated a “hold” rating on shares of Juniper Networks in a research note to investors on Wednesday, July 24th. They now have a $10.97 price target on the stock. Finally, 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, July 24th. They now have a “buy” rating on the stock.
Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.61.
Juniper Networks (NASDAQ:JNPR) traded up 0.58% on Thursday, hitting $20.015. 2,097,645 shares of the company’s stock traded hands. Juniper Networks has a 1-year low of $15.62 and a 1-year high of $22.98. The stock’s 50-day moving average is $20.88 and its 200-day moving average is $18.92. The company has a market cap of $10.144 billion and a P/E ratio of 34.31.
Juniper Networks (NASDAQ:JNPR) last released its 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 previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Juniper Networks will post $1.20 earnings per share for the current fiscal year.
In other Juniper Networks news, EVP Rami Rahim unloaded 15,000 shares of the stock on the open market in a transaction dated Monday, August 19th. The shares were sold at an average price of $20.39, for a total value of $305,850.00. Following the sale, the executive vice president now directly owns 94,597 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Juniper Networks, Inc (NASDAQ:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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