Juniper Networks (NYSE:JNPR) Announces Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Juniper Networks (NYSE:JNPR) announced its quarterly earnings results on Tuesday. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.13), Zacks reports. Juniper Networks had a return on equity of 7.41% and a net margin of 4.97%.

Juniper Networks Stock Performance

Shares of NYSE JNPR traded up $0.99 during trading on Tuesday, reaching $35.58. 4,813,256 shares of the stock traded hands, compared to its average volume of 4,936,834. Juniper Networks has a 52-week low of $33.72 and a 52-week high of $39.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The company has a 50-day moving average of $37.31 and a 200-day moving average of $38.04. The stock has a market capitalization of $11.78 billion, a P/E ratio of 46.82, a price-to-earnings-growth ratio of 7.70 and a beta of 0.87.

Wall Street Analysts Forecast Growth

JNPR has been the subject of several recent research reports. Barclays decreased their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. StockNews.com upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday. Evercore ISI upgraded Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Tuesday. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.40.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.