Juniper Networks (JNPR) Issues Q1 Earnings Guidance
Juniper Networks (JNPR) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.18-0.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $1.050-1.070 billion, compared to the consensus revenue estimate of $1.07 billion.
Several analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Juniper Networks from $19.00 to $26.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. On a related note, analysts at Mizuho raised their price target on shares of Juniper Networks from $17.00 to $22.00 in a research note to investors on Tuesday. They now have a neutral rating on the stock. Finally, analysts at JPMorgan Chase downgraded shares of Juniper Networks to a neutral rating in a research note to investors on Thursday, January 17th.
Twelve analysts have rated the stock with a buy rating, twenty-seven have assigned a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company. The stock currently has a consensus rating of – and a consensus target price of $20.36.
Juniper Networks (JNPR) traded up 1.03% on Thursday, hitting $21.50. Juniper Networks (JNPR) has a 1-year low of $14.01 and a 1-year high of $25.04. The stock’s 50-day moving average is currently $20.08. The company has a market cap of $11.085 billion and a price-to-earnings ratio of 59.78.
Juniper Networks last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Juniper Networks (JNPR) will post $0.79 EPS for the current fiscal year.
Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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