Caris & Co. Initiates Coverage on Juniper Networks (JNPR)

By admin | 6 years ago

Equities researchers at Caris & Co. began coverage on shares of Juniper Networks (NASDAQ: JNPR) in a report issued on Friday. The firm set an “average” rating on the stock.

Shares of Juniper Networks traded down 1.73% during mid-day trading on Friday, hitting $19.37. Juniper Networks has a 52 week low of $16.67 and a 52 week high of $40.37. The company has a market cap of $10.212 billion and a P/E ratio of 33.98.

Juniper Networks last issued its quarterly earnings data on Tuesday, April 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Juniper Networks will post $0.22 earnings per share next quarter.

A number of other firms have also recently commented on JNPR. Analysts at Caris & Company initiated coverage on shares of Juniper Networks in a research note to investors on Thursday. They set an “average” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Juniper Networks in a research note to investors on Friday, April 27th. They now have a $22.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) cut their EPS estimates on shares of Juniper Networks in a research note on Wednesday. They now have a “neutral” rating and a $22.50 price target on the stock.

Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure.

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