Baird Analyst Reiterates Neutral Rating on Juniper Networks, Inc. (JNPR)
Baird analyst Jayson Noland reiterates a Neutral rating on Juniper Networks, Inc. (NYSE:JNPR) with a $26.00 price target, following the company’s 2Q earnings report.
According to the analyst, JNPR reported revenue of $1.22 billion and non-GAAP EPS of $0.50. Results beat consensus revenue estimates of $1.19 billion and EPS estimates of $0.47.
Nolan Provides, “Juniper posted decent revenue results overall but cited product mix and pricing pressure in EMEA which negatively impacted gross margin. Management also called out limited 2H visibility with Tier 1 Service Providers in the U.S. We don’t anticipate a near-term catalyst for the shares and view the stock as fairly valued around current levels.”
According to TipRanks, Jayson Noland is ranked #623 of 4,083 analysts. He maintains a success rate of 53% and realizes an average return of 9.2%.