Juniper Networks (JNPR) Rebounds From 1Q
Get Alerts JNPR Hot Sheet
Rating Summary:
16 Buy, 30 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Drexel Hamilton analyst, Brian White, reiterated his Buy rating after Juniper Networks (NYSE: JNPR) reported solid 2Q:16 results that beat consensus estimates and provided a strong 3Q:16 revenue outlook. Despite a lower gross margin due to FX-related pricing pressure in EMEA, the analyst is are increasing his EPS estimate and maintaining our price target at $36.00.
The analyst stated "Although Juniper got off to a challenging start this year, we believe the company is heading in the right direction with a new product cycle, a leaner cost structure and the benefit of seasonality in H2. Moreover, the stock represents an attractive GARP play at under 9.0x our CY:17 EPS estimate (ex-cash)."
For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.
Shares of Juniper Networks closed at $24.22 yesterday.
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