Juniper Networks (NASDAQ: JNPR)‘s stock had its “outperform” rating restated by equities researchers at RBC Capital in a report issued on Friday. They currently have a $27.00 target price on the stock.
Juniper Networks traded down 0.51% on Friday, hitting $20.575. Juniper Networks has a 1-year low of $14.01 and a 1-year high of $23.06. The stock’s 50-day moving average is currently $21.54. The company has a market cap of $10.482 billion and a price-to-earnings ratio of 59.09.
Juniper Networks last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.28 earnings per share. Juniper Networks’s revenue was up 1.8% compared to the same quarter last year. Juniper Networks has set its Q1 guidance at $0.18-0.22 EPS. On average, analysts predict that Juniper Networks will post $1.17 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Juniper Networks in a research note to investors on Wednesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Juniper Networks in a research note to investors on Tuesday, January 29th. They now have a $23.00 price target on the stock.
Eleven equities research analysts have rated the stock with a buy rating, twenty-six have issued a hold rating, one has assigned an underweight rating, and one has assigned a sell rating to the stock. The company has an average rating of “hold” and an average price target of $22.59.
Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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