News

Fintel reports that on June 18, 2024, Argus Research upgraded their outlook for Juniper Networks (NYSE:JNPR) from Hold to Buy.

Analyst Price Forecast Suggests 14.47% Upside

As of June 12, 2024, the average one-year price target for Juniper Networks is 40.71. The forecasts range from a low of 38.47 to a high of $43.05. The average price target represents an increase of 14.47% from its latest reported closing price of 35.56.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Juniper Networks is 6,095MM, an increase of 14.10%. The projected annual non-GAAP EPS is 2.62.

What is the Fund Sentiment?

There are 1,227 funds or institutions reporting positions in Juniper Networks. This is an increase of 14 owner(s) or 1.15% in the last quarter. Average portfolio weight of all funds dedicated to JNPR is 0.24%, an increase of 38.78%. Total shares owned by institutions decreased in the last three months by 3.04% to 332,714K shares.

The put/call ratio of JNPR is 1.37, indicating a bearish outlook.

What are Other Shareholders Doing?

Dodge & Cox holds 34,260K shares representing 10.54% ownership of the company. In its prior filing, the firm reported owning 34,469K shares , representing a decrease of 0.61%. The firm increased its portfolio allocation in JNPR by 14.20% over the last quarter.

DODGX - Dodge & Cox Stock Fund holds 26,720K shares representing 8.22% ownership of the company. No change in the last quarter.

Pentwater Capital Management holds 10,448K shares representing 3.22% ownership of the company.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,059K shares representing 3.10% ownership of the company. In its prior filing, the firm reported owning 10,068K shares , representing a decrease of 0.09%. The firm increased its portfolio allocation in JNPR by 14.51% over the last quarter.

Geode Capital Management holds 8,641K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 8,186K shares , representing an increase of 5.27%. The firm increased its portfolio allocation in JNPR by 17.36% over the last quarter.

Juniper Networks Background Information
(This description is provided by the company.)

Juniper Networks challenges the inherent complexity that comes with networking in the multicloud era. We do this with products, solutions and services that transform the way people connect, work and live. We simplify the process of transitioning to a secure and automated multicloud environment to enable secure, AI-driven networks that connect the world.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

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This story originally appeared on Fintel.

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