Juniper shares jump after profit estimates beat Wall Street

It has even guided its Q3 revenues in the $1.21-1.25 billion range, an improvement of nearly 10% y-o-y. The fund value in upticks was recorded to be $1.66 million and in downticks, it was found to be $3.63 million.

Since becoming CEO last November, he has narrowed Juniper’s product strategy and overseen improved execution, said Simon Leopold, an analyst at Raymond James & Associates Inc. 22,315,191 shares of the company’s stock traded hands. In the near term, the target price could hit a high of $34 and a low of $ 22. (NYSE:JNPR) are set to publicize their quarterly financial results after the closing bell today.

The Dow Jones Industrial Average, which dropped below 17,600, finished 0.9% lower, while the S&P 500, which failed to stay above 2088, was off by 1.06%. Analysts expect earnings of $0.46 per share on revenues of $1.16 billion. The stock is now up 2.66 on 760K shares.

The Sunnyvale, California-based company expects large customers such as AT&T Inc. and Spain’s Telefonica SA to buy more of its routers, big machines that generate 60 percent of its revenue. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. The stock garnered a place in the hold list of 13 stock Analysts. The company has a market cap of $10,341 million and the number of outstanding shares have been calculated to be 394,837,000 shares. This is based on a scale of 1 to 5 where a 1 would constitute a strong buy and 5 would represent a strong sell. The lowest analyst price target has the stock at $22 within the year. On average, analysts predict that Juniper Networks, Inc. will post $1.69 earnings per share for the current fiscal year. Also, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st.

Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure. 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).

Tier 1 telcos are still a big factor in Juniper’s revenue mix, but given the wavering capital spending patterns the vendor said it is seeing utility for its products in other segments like cloud services. In addition to its products, the Company offers its customers worldwide services, including technical support, professional services, education and training programs. The Company’s security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch.

Juniper’s management reiterated its earlier statement that its routing and switching sales will rebound in the second half of 2015, with an increase in carriers’ investment and the launch of new products and features.