Juniper Networks Upgraded to Underweight by EVA Dimensions (JNPR)

Juniper Networks (NASDAQ: JNPR) was upgraded by research analysts at EVA Dimensions to an “underweight” rating in a report released on Thursday.

Juniper Networks traded up 1.07% on Thursday, hitting $20.759. Juniper Networks has a 1-year low of $14.01 and a 1-year high of $23.06. The stock’s 50-day moving average is currently $21.4. The company has a market cap of $10.575 billion and a price-to-earnings ratio of 58.69.

Juniper Networks last released its earnings data on Thursday, January 24th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Juniper Networks has set its Q1 guidance at $0.18-0.22 EPS. On average, analysts predict that Juniper Networks will post $1.17 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on JNPR. Analysts at Zacks reiterated a “neutral” rating on shares of Juniper Networks in a research note to investors on Friday, March 8th. They now have a $22.00 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Juniper Networks in a research note to investors on Friday, March 1st. They now have a $27.00 price target on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Juniper Networks in a research note to investors on Wednesday, February 27th.

Eleven analysts have rated the stock with a buy rating, one has given an overweight rating, twenty-five have issued a hold rating, one has given an underweight rating, and one has given a sell rating to the stock. Juniper Networks currently has a consensus rating of “-” and a consensus target price of $22.81.

Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.