Juniper Networks (JNPR) : Average target price received by Juniper Networks (JNPR) is $27.11 with an expected standard deviation of $4.23. The most aggressive target on the stock is $36, whereas the most downbeat target is $22. 14 financial analysts are currently covering the stock.
Juniper Networks (JNPR) has shown a rise of 4.1% or 350,244 shares in the short positions. The bets have increased to 8,983,343 shares on June 30,2016 from 8,633,099 shares on June 15,2016. With respect to the floated shares, the shorts are 2.4%. The days to cover are calculated to be 3, using the standard per day volume of 3,379,870 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Deutsche Bank downgrades its outlook on Juniper Networks (NYSE:JNPR). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm lowers the price target from $30 per share to $22 per share. The rating by the firm was issued on July 6, 2016.
Juniper Networks (NYSE:JNPR): stock turned positive on Thursday. Though the stock opened at $23.33, the bulls momentum made the stock top out at $23.36 level for the day. The stock recorded a low of $23.03 and closed the trading day at $23.09, in the green by 0.17%. The total traded volume for the day was 1,934,291. The stock had closed at $23.05 in the previous days trading.
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.