RBC Capital Releases a Hold Rating on Juniper NetworksBy Austin Angelo
According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 21.2% and a 81.5% success rate. Daryanani covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Benchmark Electronics, and Applied Materials.
Currently, the analyst consensus on Juniper Networks is Moderate Buy and the average price target is $28.38, representing a 2.4% upside.
In a report issued on April 6, Jefferies also reiterated a Hold rating on the stock with a $24.50 price target.
Based on Juniper Networks’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.39 billion and quarterly net profit of $197 million. In comparison, last year the company earned revenue of $1.1 billion and had a net profit of $91.4 million.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Pradeep Sindhu, the EVP CTO of JNPR sold 100,000 shares for a total of $2,795,000.
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Juniper Networks, Inc. engages in the design, development, and sale of products and services for network businesses. It operates through Americas and EMEA (Europe, Middle East, and Africa) geographical segments. The company was founded by Pradeep S. Sindhu on February 6, 1996 and is headquartered in Sunnyvale, CA.