Needham analyst Alex Henderson reiterated a Buy rating on Juniper Networks (JNPR – Research Report) today and set a price target of $38.00. The company’s shares closed yesterday at $32.53.
Henderson covers the Technology sector, focusing on stocks such as Radware, Okta, and Zscaler. According to TipRanks, Henderson has an average return of 14.3% and a 54.84% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Juniper Networks with a $34.82 average price target, implying a 7.04% upside from current levels. In a report released on December 20, J.P. Morgan also maintained a Buy rating on the stock with a $42.00 price target.
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Based on Juniper Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.41 billion and a net profit of $121.5 million. In comparison, last year the company earned a revenue of $1.19 billion and had a net profit of $88.9 million
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JNPR in relation to earlier this year.
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Juniper Networks, Inc. engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S. Sindhu on February 6, 1996 and is headquartered in Sunnyvale, CA.
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