Positive Press Coverage Somewhat Unlikely to Impact Juniper Networks (NYSE:JNPR) Share Price
News stories about Juniper Networks (NYSE:JNPR) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Juniper Networks earned a news impact score of 0.27 on Accern’s scale. Accern also gave media coverage about the network equipment provider an impact score of 46.3668688337698 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Overview of Different Indicators: Juniper Networks, Inc. (JNPR), KapStone Paper and Packaging Corporation (KS) – AllStockNews (allstocknews.com)
- Telecom Stocks' Q2 Earnings to Watch on Jul 25: T, JNPR (finance.yahoo.com)
- Investor Network Invites You to the Juniper Networks Second Quarter 2017 Earnings Conference Call Live on Tuesday, July 25, 2017 (finance.yahoo.com)
- Juniper Networks Maintains Widening Pattern Between Sessions following After-Hours Earnings Moves (nasdaq.com)
- What's in the Offing for F5 Networks (FFIV) in Q3 Earnings? (finance.yahoo.com)
Juniper Networks (NYSE:JNPR) traded up 2.41% during mid-day trading on Tuesday, hitting $30.17. 5,221,454 shares of the stock were exchanged. Juniper Networks has a 52 week low of $22.12 and a 52 week high of $30.96. The company has a 50 day moving average price of $28.81 and a 200 day moving average price of $28.53. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 19.08 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts expect that Juniper Networks will post $2.23 EPS for the current fiscal year.
A number of equities research analysts recently commented on the stock. TheStreet cut shares of Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Pacific Crest assumed coverage on shares of Juniper Networks in a research note on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price objective on the stock. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price objective (up from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. Standpoint Research cut shares of Juniper Networks from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 3rd. Finally, KeyCorp assumed coverage on shares of Juniper Networks in a research note on Monday, June 5th. They issued a “hold” rating and a $31.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.18.
In other Juniper Networks news, Director Pradeep Sindhu sold 76,900 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the completion of the sale, the director now owns 40,773 shares of the company’s stock, valued at $1,244,799.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Terrance F. Spidell sold 10,600 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $29.47, for a total value of $312,382.00. Following the sale, the vice president now directly owns 10,600 shares of the company’s stock, valued at approximately $312,382. The disclosure for this sale can be found here. Insiders have sold 175,100 shares of company stock valued at $5,337,282 in the last ninety days. Company insiders own 3.40% of the company’s stock.
About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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