Juniper (JNPR) Shares Rebound Amid Q4 Warning
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Price: $39.95 --0%
Financial Fact:
General and administrative: 54M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
General and administrative: 54M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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After trading down more than 3 percent Monday afternoon, shares of Juniper Networks (Nasdaq: JNPR) have bounced sharply and are now trading up 2.4 percent to $22.05 in Tuesday’s morning session.
Traders initially sold the stock following a fourth-quarter warning: the company now sees EPS of 26-28 cents on sales of $1.11-$1.12 billion. Juniper had previously expected earnings of 32-36 cents per share on sales of $1.16-$1.22 billion.
Most analysts got more cautious on Juniper shares following the warning. Analysts at Goldman Sachs, Wells Fargo, Wedbush and Deutsche Bank each reduced earnings and sales estimates. Notably, analysts at Wedbush and Deutsche Bank were not surprised by the pre-announcement, especially given a warning out of Acme Packet (Nasdaq: APKT) last week.
On the other side of the trade -- and certainly giving hope to bulls in the stock this morning -- Piper Jaffray's Troy Jensen stuck his neck out and upgraded the stock from Neutral to Overweight amid the warning. Jensen's price target was raised from $22 to $25.
Track all the ratings on Juniper using our Analyst Ratings section.
Traders initially sold the stock following a fourth-quarter warning: the company now sees EPS of 26-28 cents on sales of $1.11-$1.12 billion. Juniper had previously expected earnings of 32-36 cents per share on sales of $1.16-$1.22 billion.
Most analysts got more cautious on Juniper shares following the warning. Analysts at Goldman Sachs, Wells Fargo, Wedbush and Deutsche Bank each reduced earnings and sales estimates. Notably, analysts at Wedbush and Deutsche Bank were not surprised by the pre-announcement, especially given a warning out of Acme Packet (Nasdaq: APKT) last week.
On the other side of the trade -- and certainly giving hope to bulls in the stock this morning -- Piper Jaffray's Troy Jensen stuck his neck out and upgraded the stock from Neutral to Overweight amid the warning. Jensen's price target was raised from $22 to $25.
Track all the ratings on Juniper using our Analyst Ratings section.
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