In a report released today, Ryan Koontz from Rosenblatt Securities maintained a Sell rating on Juniper Networks (JNPR), with a price target of $24. The company’s shares closed yesterday at $28.11.
Koontz wrote:
“We view these results largely in-line with our expectations and sell rating as we expect consensus estimates for the balance of FY19 to come down. We continue to believe JNPR will face strong headwinds in routing, its most profitable franchise, for the foreseeable future while enterprise competition is intensifying.”
According to TipRanks.com, Koontz is a 4-star analyst with an average return of 20.9% and a 73.9% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, CommScope Holding, and Arista Networks.
Juniper Networks has an analyst consensus of Hold, with a price target consensus of $26.03.
See today’s analyst top recommended stocks >>
Juniper Networks’ market cap is currently $9.74B and has a P/E ratio of 17.42. The company has a Price to Book ratio of 2.02.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
