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Rosenblatt Securities Keeps Their Hold Rating on Juniper Networks (JNPR)

In a report released yesterday, Michael Genovese from Rosenblatt Securities maintained a Hold rating on Juniper Networks (JNPRResearch Report), with a price target of $32.00. The company’s shares closed last Tuesday at $28.07, close to its 52-week low of $26.12.

According to TipRanks.com, Genovese is a 5-star analyst with an average return of 11.1% and a 57.2% success rate. Genovese covers the Technology sector, focusing on stocks such as Extreme Networks, Arista Networks, and Cisco Systems.

Currently, the analyst consensus on Juniper Networks is a Hold with an average price target of $34.33, which is a 20.8% upside from current levels. In a report issued on July 13, Evercore ISI also maintained a Hold rating on the stock with a $33.00 price target.

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Based on Juniper Networks’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.17 billion and net profit of $55.7 million. In comparison, last year the company earned revenue of $1.07 billion and had a GAAP net loss of $31.1 million.

Based on the recent corporate insider activity of 58 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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