Analysts are weighing in on how Juniper Networks, Inc. (NYSE:JNPR) , might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.7. The stock is rated as buy by 4 analysts, with 3 outperform and 23 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 27.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.47 a share, which would compare with $0.53 in the same quarter last year. They have a high estimate of $0.51 and a low estimate of $0.46. Revenue for the period is expected to total nearly $1.19B from $1.22B the year-ago period.
For the full year, 27.00 Wall Street analysts forecast this company would deliver earnings of 2.00 per share, with a high estimate of $2.21 and a low estimate of $1.85. It had reported earnings per share of $2.03 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $4.86B versus 4.86B in the preceding year.
The analysts project the company to maintain annual growth of around 12.98% percent over the next five years as compared to an average growth rate of 14.99% percent expected for its competitors in the same industry.
Among the 22 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for JNPR is $26.50 but some analysts are projecting the price to go as high as $36.00. If the optimistic analysts are correct, that represents a 50 percent upside potential from the recent closing price of $24.04. Some sell-side analysts, particularly the bearish ones, have called for $22.90 price targets on shares of Juniper Networks, Inc. (NYSE:JNPR) .
In the last reported results, the company reported earnings of $0.53 per share, while analysts were calling for share earnings of $0.40. It was an earnings surprise of 32.50%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Juniper Networks, Inc. designs, develops, and sells network products and services worldwide. It offers various routing products, including ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; M series edge routers; PTX series packet transport routers; T series routers; and NorthStar controllers. The company also provides various switching products comprising EX series Ethernet switches to address the access, aggregation, and core layer switching requirements of micro branch, branch office, and campus and data center environments; QFX series of core, spine, and top-of-rack data center switches; and OCX1100, an open networking switch. In addition, it offers security products, such as SRX series services gateways for the data centers; Branch SRX family that includes SRX300 Series and SRX1500, which provides integrated firewall capabilities; vSRX Virtual Firewall that delivers various features of physical firewalls; Spotlight Secure Threat Intelligence Platform, a threat intelligence platform that aggregates threat feeds from various sources; and Sky Advanced Threat Prevention, a cloud-based service for static and dynamic analysis. Further, the company offers Junos OS, a network operating system; Junos Space, a network management platform for creating network management applications that include network director, services activation director, security director, edge services director, service now, and service insight; and Contrail networking and cloud platform solutions. Additionally, it provides technical support and professional services, as well as education and training programs. The company sells its products through direct sales, distributors, value-added resellers, and original equipment manufacturer partners to end-users in the service provider and enterprise markets. Juniper Networks, Inc. was founded in 1996 and is headquartered in Sunnyvale, California.