Technology
How Analysts See Juniper Networks After a Bad Earnings Reaction
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Juniper Networks Inc. (NYSE: JNPR) cratered following the release of its fourth-quarter earnings last week. As a result, the company was hit with a barrage of analyst calls, mostly cutting the price target. 24/7 Wall St. highlighted a few points from the earnings report that analysts jumped on and then added a montage of the analyst calls following the report.
The company had $0.63 in earnings per share (EPS) on $1.3 billion in revenue. That compared to consensus estimates that of $0.59 in EPS on revenue of $1.29 billion. At the same time, Juniper also released its guidance for the first quarter, expecting EPS in the range of $0.42 to $0.46, versus the analysts’ consensus estimate of $0.47.
In the same report, Juniper also announced the resignation of its Chief Financial Officer Robyn Denholm. However, Denholm will stick around for the next few months to aid in the transition.
One notable call from analysts came from Bernstein, which raised the stock to an Outperform rating from Market Perform with a $31 price target.
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