Juniper Networks Inc (NYSE: JNPR) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 320.30M common shares owned by the public and among those 320.09M shares have been available to trade.

The company’s stock has a 5-day price change of -0.43% and 25.20% over the past three months. JNPR shares are trading 25.20% year to date (YTD), with the 12-month market performance up to 8.43% higher. It has a 12-month low price of $24.87 and touched a high of $38.04 over the same period. JNPR has an average intraday trading volume of 5.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.26%, -0.40%, and 19.42% respectively.

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Institutional ownership of Juniper Networks Inc (NYSE: JNPR) shares accounts for 93.61% of the company’s 320.30M shares outstanding.

It has a market capitalization of $11.97B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 38.76, while the earnings-per-share (ttm) stands at $0.95. The company has a PEG of 3.52 and a Quick Ratio of 1.35 with the debt-to-equity ratio at 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.61% over the week and 0.69% over the month.

Analysts forecast that Juniper Networks Inc (JNPR) will achieve an EPS of $0.4 for the current quarter, $0.53 for the next quarter and $2.46 for 2025. The lowest estimate earnings-per-share for the quarter is $0.35 while analysts give the company a high EPS estimate of $0.46. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.31%, and 10.40% over the next financial year. EPS should grow at an annualized rate of 11.00% over the next five years, compared to -9.86% over the past 5-year period.

Looking at the support for the JNPR, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on October 10, 2023, with the firm’s price target at $32-$29. Raymond James coverage for the Juniper Networks Inc (JNPR) stock in a research note released on July 24, 2023 offered a Outperform rating with a price target of $37. Exane BNP Paribas was of a view on July 20, 2023 that the stock is Neutral, while Citigroup gave the stock Buy rating on June 30, 2023, issuing a price target of $38. Evercore ISI on their part issued Outperform rating on March 30, 2023.

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