Juniper Networks's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Juniper Networks (NYSE:JNPR) is expected to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.64. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Juniper's stock price has been sensitive to earnings performance and guidance. Last quarter, JNPR beat the EPS estimate by $0.05, leading to a 6.1% stock price increase. Over the past year, JNPR shares have risen by 15.19%, with the current price at $37.2.
January 29, 2024 | 4:01 pm
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Juniper Networks is anticipated to report an EPS of $0.64 in its upcoming earnings, with investors focusing on both the earnings results and the future guidance. The stock has historically reacted to earnings beats and misses, with a 6.1% increase after the last beat. Shares have increased by 15.19% over the last year.
Given the historical sensitivity of JNPR's stock price to earnings performance and the positive trend over the past year, a beat on the EPS estimate and/or positive future guidance could lead to a short-term increase in stock price. The importance is high as earnings reports are critical investor events, but not at the maximum since market conditions and other unforeseen factors can also influence stock performance.
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