There Is Clear Momentum For Juniper Networks Inc (NYSE: JNPR)

Juniper Networks Inc (JNPR) concluded trading on Wednesday at a closing price of $38.95, with 5.19 million shares of worth about $202.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.64% during that period and on October 30, 2024 the price saw a loss of about -0.23%. Currently the company’s common shares owned by public are about 329.16M shares, out of which, 324.71M shares are available for trading.

Stock saw a price change of -0.56% in past 5 days and over the past one month there was a price change of 0.18%. Year-to-date (YTD), JNPR shares are showing a performance of 32.12% which increased to 47.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.83 but also hit the highest price of $39.79 during that period. The average intraday trading volume for Juniper Networks Inc shares is 3.20 million. The stock is currently trading -0.09% below its 20-day simple moving average (SMA20), while that difference is up 0.22% for SMA50 and it goes to 4.88% higher than SMA200.

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Juniper Networks Inc (NYSE: JNPR) currently have 329.16M outstanding shares and institutions hold larger chunk of about 81.29% of that.

The stock has a current market capitalization of $12.82B and its 3Y-monthly beta is at 0.92. PE ratio of stock for trailing 12 months is 54.25, while it has posted earnings per share of $0.72 in the same period. Its PEG reads 3.01 and has Quick Ratio of 1.23 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JNPR, volatility over the week remained 0.39% while standing at 0.38% over the month.

Stock’s fiscal year EPS is expected to drop by -28.90% while it is estimated to increase by 20.31% in next year. EPS is likely to grow at an annualized rate of 18.00% for next 5-years, compared to annual growth of -9.86% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on September 24, 2024 offering a Neutral rating for the stock and assigned a target price of $40 to it. On October 10, 2023, JP Morgan Downgrade their recommendations, while on July 24, 2023, Raymond James Downgrade their ratings for the stock with a price target of $37. Stock get a Neutral rating from Exane BNP Paribas on July 20, 2023.

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