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Juniper Networks, Inc. (JNPR), with a market cap of $12.60 billion, provides networking solutions committed to revolutionizing how organizations connect, work, and thrive in a digital world. Headquartered in Sunnyvale, California, Juniper Networks offers a comprehensive portfolio of products and services, including routers, switches, network security, and software-defined networking solutions.
JNPR shares have outperformed the broader market considerably over the last year. JNPR has gained 40.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19.7%. Also, in 2024 alone, Juniper Networks stock rose 31.6%, compared to SPX's 12.1% rise on a YTD basis.
Zooming in further, JNPR has significantly outperformed the Technology Select Sector SPDR Fund (XLK) on a YTD basis. The exchange-traded fund has gained about 7.7% over this period.
On Jul. 25, JNPR reported its Q2 results. Revenue was $1.19 billion, missing analysts' expectations of $1.24 billion. The company’s net income was $34.10 million, and its EPS was $0.31, lower than Wall Street estimates of $0.44. The stock gained 2% on the day it released earnings.
For the current fiscal year, ending in December, analysts expect JNPR's EPS to decline 36.1% year over year to $1 on a diluted basis. The company's earnings surprise history is mixed. It missed the consensus estimate in three of the last four quarters while beating the forecast on another occasion.
Among the 15 analysts covering JNPR stock, the consensus rating is a “Hold.” That’s based on three “Strong Buy” ratings, 11 “Hold,” and one “Moderate Sell.”
This configuration is slightly more bullish than three months ago, with two suggesting a “Strong Buy.”
On Jul. 26, Amit Daryanani from Evercore ISI maintained a “Hold” rating on Juniper Networks, with a price target of $40, implying a potential upside of 3.1% from current levels. The mean price target of $36.77 indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
