Juniper Networks (JNPR) Receives a Buy from Needham
Needham analyst Alex Henderson assigned a Buy rating to Juniper Networks (JNPR) today and set a price target of $27.00. The company’s shares closed last Friday at $22.95.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 15.2% and a 52.7% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.
Juniper Networks has an analyst consensus of Hold, with a price target consensus of $24.33.
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Based on Juniper Networks’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $998 million and net profit of $20.4 million. In comparison, last year the company earned revenue of $1 billion and had a net profit of $31.1 million.
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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.