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Juniper Networks (JNPR) Receives a Rating Update from a Top Analyst

In a report released today, Alex Henderson from Needham reiterated a Buy rating on Juniper Networks (JNPRResearch Report), with a price target of $38.00. The company’s shares closed yesterday at $28.97.

According to TipRanks, Henderson is a top 100 analyst with an average return of 20.8% and a 61.14% success rate. Henderson covers the Technology sector, focusing on stocks such as Ceragon Networks, Zscaler, and Extreme Networks.

Juniper Networks has an analyst consensus of Moderate Buy, with a price target consensus of $33.57.

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Based on Juniper Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.27 billion and a net profit of $113.4 million. In comparison, last year the company earned a revenue of $1.17 billion and had a net profit of $62 million

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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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