In a report released yesterday, Aaron Rakers from Wells Fargo maintained a Hold rating on Juniper Networks (JNPR – Research Report), with a price target of $35.00. The company’s shares closed yesterday at $30.22.
According to TipRanks, Rakers is a top 100 analyst with an average return of 21.6% and a 67.80% success rate. Rakers covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Western Digital.
Juniper Networks has an analyst consensus of Hold, with a price target consensus of $31.70, implying a 4.90% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a $30.00 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 $1.4 billion and a net profit of $76.1 million. In comparison, last year the company earned a revenue of $1.41 billion and had a net profit of $121.5 million
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Juniper Networks (JNPR) Company Description:
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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