Juniper Networks Inc (NYSE:JNPR) shares, rose in value, with the stock price up by 0.27% to the previous day’s close as strong demand from buyers drove the stock to $37.07.
Actively observing the price movement in the last trading, the stock closed the session at $36.97. The value of beta (5-year monthly) was 0.98 whereas the PE ratio was 38.93 over 12-month period. Referring to stock’s 52-week performance, its high was $38.04, and the low was $24.87. On the whole, JNPR has fluctuated by -0.99% over the past month.
With the market capitalization of Juniper Networks Inc currently standing at about $12.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 2.37%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.4, which is expected to increase to $0.56 for fiscal year $2.22 and then to about $2.46 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.80% in 2025, while the next year’s EPS growth is forecast to be 10.80%.
Analysts have estimated the company’s revenue for the quarter at $1.24 billion, with a low estimate of $1.18 billion and a high estimate of $1.34 billion. According to the average forecast, sales growth in current quarter could jump down -7.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.41 billion, representing a decrease of -2.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that JNPR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.54, with the price of JNPR currently trading nearly 0.39% and 0.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.29, while the 7-day volatility ratio is showing 0.57% which for the 30-day chart, stands at 0.66%. Furthermore, Juniper Networks Inc (JNPR)’s beta value is 0.97, and its average true range (ATR) is 0.25.
A comparison of Juniper Networks Inc (JNPR) with its peers suggests the former has fared considerably weaker in the market. JNPR showed an intraday change of 0.27% in last session, and over the past year, it grew by 8.58%%.
Data on historical trading for Juniper Networks Inc (NYSE:JNPR) indicates that the trading volumes over the past 10 days have averaged 3.41 million and over the past 3 months, they’ve averaged 5.43 million. According to company’s latest data on outstanding shares, there are 320.30 million shares outstanding.
Nearly 1.32% of Juniper Networks Inc’s shares belong to company insiders and institutional investors own 93.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.46 million shares as on Mar 15, 2024, resulting in a short ratio of 3.29. According to the data, the short interest in Juniper Networks Inc (JNPR) stood at 4.15% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.78 million. The stock has risen by 25.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JNPR stock heading into the next quarter.
