Juniper Networks (NYSE:JNPR) Issues Earnings Results, Misses Expectations By $0.13 EPS

Juniper Networks (NYSE:JNPR) issued its quarterly earnings data on Tuesday. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13), Zacks reports. Juniper Networks had a return on equity of 7.41% and a net margin of 4.97%.

Juniper Networks Trading Up 2.9 %

JNPR traded up $0.99 on Tuesday, hitting $35.58. 4,813,256 shares of the company were exchanged, compared to its average volume of 4,936,834. The firm has a fifty day simple moving average of $37.31 and a two-hundred day simple moving average of $38.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. Juniper Networks has a 12 month low of $33.72 and a 12 month high of $39.79. The stock has a market capitalization of $11.78 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 7.70 and a beta of 0.87.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JNPR. Evercore ISI raised Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Tuesday. StockNews.com raised Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday. Barclays lowered their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.40.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.