Stocks On the Rise: Juniper Networks, Inc. (JNPR) Spikes on Market Update
Juniper Networks, Inc. (JNPR), a Communication Equipment business, was a active mover in the prior market session. Juniper Networks, Inc. (JNPR) stock opened the day for trading at $23.28 and closed the day at $23.68 with gains of +2.42%. The increase movement in Juniper Networks, Inc. (JNPR) beat the movement in the S&P 500 for the day which gained +1.69% in prior market day.
Juniper Networks, Inc. (JNPR) is focused on the Communication Equipment sector. This stock market sector has seen some movement from investors in recent market sessions. Bullish investors of Juniper Networks, Inc. (JNPR) will be looking for positive upcoming earnings whereas bearish investors of Juniper Networks, Inc. (JNPR) will be looking for negative earnings. The last time Juniper Networks, Inc. (JNPR) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.11 compared to an estimate of $0.12 which was a difference of -$0.01 resulting in a change of -8.33%. Current earnings estimates are to be released for Current Qtr 06/2020 on Juniper Networks, Inc. (JNPR) and out of 5 Wall Street estimates the average is saying $0.24. The high estimate is saying $0.26 whereas the low estimate is saying $0.21 and the prior year Juniper Networks, Inc. (JNPR) announced earnings at $0.27 a growth rate est. (year over year) of -11.11%.
The market performance of Juniper Networks, Inc. (JNPR) has varied recently. Year to date Juniper Networks, Inc. (JNPR)’s shares are down -3.86%. Over the past 12 weeks Juniper Networks, Inc. (JNPR) is down -5.05% and over the last 4 weeks Juniper Networks, Inc. (JNPR) is up 9.28%. Juniper Networks, Inc. (JNPR) current income statement shows revenue (ttm) of $4.44B. Gross Profit is $2.62B. This puts the current EBITDA of Juniper Networks, Inc. (JNPR) at $708.4M.
Wall street investors might also notice recent changes to stock analyst estimates for Juniper Networks, Inc. (JNPR). The stock is trading with an RSI (relative strength index) of 60.55 indicating Juniper Networks, Inc. (JNPR) is neither overbought nor oversold. Technically, JNPR’s short term support levels are around $1367.66, $1334.96 and $1286.57 on the downside. JNPRs short term resistance levels are $1526.69, $1493.59 and $1432.99 on the upside. The market cap of Juniper Networks, Inc. (JNPR) is $7.846B and institutions hold 96.01% of the stock. The outstanding share count stands at 330.80M while the short float (shares short) stands at 3.53%.
Research indicates that these earning estimate changes look to be directly correlated with short-term stock prices. The investors can look to capitalize on the basis of ranking. Based on technical analysis, JNPR has short term rating of Bullish (0.25), Intermediate rating of Neutral (0.23) and the long-term rating of Bullish (0.39) giving it an overall rating of Bullish (0.29).
The EPS growth this year on Juniper Networks, Inc. (JNPR) is decreased -38.40% and is expected to increase 16.15% next year. However, quarterly earnings (EPS) growth year over year on Juniper Networks, Inc. (JNPR) has decreased by -31.00% and quarterly revenue (Sales) growth year over year stands at -0.40%. Gross margin is detected at 58.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 7.50% while return on equity (ttm) is 7.30%.
2020-04-28 – Juniper Networks Q1 Adj EPS $0.23. 2020-04-08 – Finjan Holdings Says PTAB Issued Final Written Decision Finding Finjan’s U.S. Patent No. 6,154,844 Patentable Over Prior Art. 2020-01-27 – Juniper Networks Reports Q4 Non-GAAP Earnings Per Share $0.58. 2019-12-03 – Rostelecom Partners with Juniper Networks, Inc. to Build IP Transport Backbone for Next-Generation Services. 2019-12-03 – CERN Selects Juniper Networks to Increase Network Capacity for Handling Unprecedented Volumes of Data for its Scientific Projects and Everyday Tasks.
Based in Sunnyvale, CA, Juniper Networks, Inc. is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help to build network infrastructure used for services and applications based on single Internet protocol network worldwide.