Juniper Networks (JNPR) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 24 from a previous price target of $26 . RBC Capital Mkts advised their investors in a research report released on Apr 12, 2016.
Many Wall Street Analysts have commented on Juniper Networks. Shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 24 from a previous price target of $26 .Shares were Reiterated by Stifel on Apr 12, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $34 .Shares were Reiterated by MKM Partners on Apr 12, 2016 to “Neutral” and Lowered the Price Target to $ 26 from a previous price target of $27 .
On the company’s financial health, Juniper Networks reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.59. The company had revenue of $1319.60 million for the quarter, compared to analysts expectations of $1296.97 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Juniper Networks closed down -0.04 points or -0.16% at $24.89 with 46,39,883 shares getting traded on Monday. Post opening the session at $24.9, the shares hit an intraday low of $24.8 and an intraday high of $25.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 3, 2016, Terrance F Spidell (VP Corp Controller & CAO) sold 2,290 shares at $24.08 per share price. According to the SEC, on Feb 2, 2016, Rami Rahim (Chief Executive Officer) sold 17,500 shares at $23.12 per share price. On Nov 24, 2015, Pradeep Sindhu (EVP CTO) sold 40,800 shares at $30.65 per share price, according to the Form-4 filing with the securities and exchange commission.
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 more than 100 countries in three geographic regions: Americas; Europe Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company sells its network products and service offerings across routing switching and security. In addition to its products the Company offers its customers worldwide services including technical support professional services education and training programs. The Companys routing products include ACX Series MX Series M Series PTX Series and T Series. Its switching products include EX Series and QFX Series. The Companys security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch. Its Junos Platform includes a range of products such as Junos OS Junos Space and Contrail.