In a report released today, Alex Henderson from Needham maintained a Buy rating on Juniper Networks (JNPR), with a price target of $29.00. The company’s shares closed last Monday at $24.51.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 13.9% and a 51.7% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Cisco Systems Inc, Lumentum Holdings, and Arista Networks.
Currently, the analyst consensus on Juniper Networks is a Moderate Buy with an average price target of $28.17.
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Juniper Networks’ market cap is currently $8.48B and has a P/E ratio of 17.42. The company has a Price to Book ratio of 1.84.
Based on the recent corporate insider activity of 49 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.
