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Juniper Networks (JNPR) Jumps: Stock Rises 5%

Zacks

Juniper Networks, Inc. JNPR was a big mover last session, as the company saw its shares rise 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.40 to $28.19 in the past one-month time frame.

The upside was driven by rumors of a potential buyout of the company by Nokia worth $16 billion. However, Nokia has denied such acquisition talks with Juniper Networks.

The company has not seen any estimate revisions in the past one month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Juniper Networks currently has a Zacks Rank #4 (Sell), while its Earnings ESP is negative.

Juniper Networks, Inc. Price

Juniper Networks, Inc. Price | Juniper Networks, Inc. Quote


A better-ranked stock in the Wireless Equipment industry is Harris Corporation HRS, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is JNPR going up? Or down? Predict to see what others think: Up or Down

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