Deutsche Bank Downgrades Juniper Networks to Hold with Price Target $22.00

Brokerage firm Deutsche Bank Downgrades its rating on Juniper Networks(NYSE:JNPR). In a research note issued to the investors, the brokerage major Lowers the price-target to $22.00 per share. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Jul 6, 2016.

In a different note, On May 23, 2016, William Blair said it Downgrades its rating on Juniper Networks. The shares have been rated ‘Market Perform’ by the firm.

Juniper Networks (JNPR) made into the market gainers list on Mondays trading session with the shares advancing 0.88% or 0.2 points. Due to strong positive momentum, the stock ended at $22.86, which is also near the day’s high of $22.94. The stock began the session at $22.71 and the volume stood at 19,17,871 shares. The 52-week high of the shares is $32.39 and the 52 week low is $21.175. The company has a current market capitalization of $8,777 M and it has 38,39,45,070 shares in outstanding.

Juniper Networks(JNPR) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.10B. Analysts had an estimated revenue of $1.13B. Earnings per share were $0.37. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Pradeep Sindhu (EVP CTO) sold 182,362 shares at $0.00 per share price.Also, On Apr 27, 2016, Terrance F Spidell (Corp VP Corp Controller & CAO) sold 2,555 shares at $23.56 per share price.On Feb 2, 2016, Rami Rahim (Chief Executive Officer) sold 17,500 shares at $23.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Juniper Networks Inc. designs develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in more than 100 countries in three geographic regions: Americas; Europe Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company sells its network products and service offerings across routing switching and security. In addition to its products the Company offers its customers worldwide services including technical support professional services education and training programs. The Company’s routing products include ACX Series MX Series M Series PTX Series and T Series. Its switching products include EX Series and QFX Series. The Company’s security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch. Its Junos Platform includes a range of products such as Junos OS Junos Space and Contrail.

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