Stocks of Juniper Networks Inc (NYSE:JNPR) traded higher last session on Wall Street, up 1.54% to $35.67.
JNPR stock price is now -0.10% away from the 50-day moving average and 11.19% away from the 200-day moving average. The market capitalization of the company currently stands at $11.59B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $32 to $29, JP Morgan Downgraded its rating from Overweight to Neutral for Juniper Networks Inc (NYSE: JNPR). On July 24, 2023, Raymond James Downgraded its previous ‘Strong Buy’ rating to ‘Outperform’ on the stock reducing its target price from $38 to quote $37, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Miller Kenneth Bradley, EVP CFO sold 15,000 shares of the company’s stock on May 15 ’24. The stock was sold for $517,083 at an average price of $34.47. Upon completion of the transaction, the EVP CFO now directly owns 69,435 shares in the company, valued at $2.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Chief Executive Officer rahim rami sold 5,555 shares of the business’s stock. A total of $193,640 was realized by selling the stock at an average price of $34.86. This leaves the insider owning 986,764 shares of the company worth $35.2 million. A total of 1.30% of the company’s stock is owned by insiders.
During the past 12 months, Juniper Networks Inc has had a low of $24.87 and a high of $38.04. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.74, and a quick ratio of 1.27. According to the stock market information, the enterprise value for the company is $12156018688, which is based on a 51.67 price-to-earnings ratio, a 4.70 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for JNPR is $35.6836 and a two-hundred day moving average price translates $32.123 for the stock.
The latest earnings results from Juniper Networks Inc (NYSE: JNPR) was released for 2024-03-31. According to the Communication Equipment Company, earnings per share came in at 0.58, beating analysts’ expectations of 0.55 by 0.03. This compares to $0.26 EPS in the same period last year. The net profit margin was 4.19% and return on equity was 5.02% for JNPR. The company reported revenue of $1.15 billion for the quarter, compared to $1.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.25 percent. For the current quarter, analysts expect JNPR to generate $1.26B in revenue.
