Barclays Keeps a Hold Rating on Juniper Networks (JNPR)


Barclays analyst Tim Long maintained a Hold rating on Juniper Networks (JNPR) yesterday and set a price target of $21.00. The company’s shares closed last Monday at $20.41.

According to TipRanks.com, Long is a 5-star analyst with an average return of 15.5% and a 59.8% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Motorola Solutions.

Currently, the analyst consensus on Juniper Networks is a Moderate Buy with an average price target of $22.73, implying a 16.8% upside from current levels. In a report issued on March 12, Piper Sandler also maintained a Hold rating on the stock with a $23.00 price target.

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Based on Juniper Networks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.21 billion and net profit of $168 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $192 million.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JNPR in relation to earlier this year.

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. The company was founded by Pradeep S. Sindhu on February 6, 1996 and is headquartered in Sunnyvale, CA.

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