Juniper Networks (JNPR) was Downgraded by Deutsche Bank to ” Hold” while Lowering the Price Target of the company shares to $ 22 from a previous price target of $30 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Jul 6, 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 $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.38. The company had revenue of $1098.00 million for the quarter, compared to analysts expectations of $1112.71 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Juniper Networks closed down -0.28 points or -1.25% at $22.07 with 18,58,417 shares getting traded on Tuesday. Post opening the session at $22.25, the shares hit an intraday low of $21.975 and an intraday high of $22.29 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 1, 2016, Pradeep Sindhu (EVP CTO) sold 182,362 shares at $0.00 per share price. According to the SEC, on Apr 27, 2016, Terrance F Spidell (Corp VP Corp Controller & CAO) sold 2,555 shares at $23.56 per share price. On Feb 2, 2016, Rami Rahim (Chief Executive Officer) sold 17,500 shares at $23.12 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.