Juniper Networks, Inc. (JNPR)’s Trend Down, Especially After Forming a Double Bottom Chart Pattern

April 21, 2018 - By Winifred Garcia

Juniper Networks, Inc. (NYSE:JNPR) Logo

Investors sentiment decreased to 0.84 in 2017 Q4. Its down 0.49, from 1.33 in 2017Q3. It fall, as 58 investors sold Juniper Networks, Inc. shares while 154 reduced holdings. 55 funds opened positions while 123 raised stakes. 314.57 million shares or 4.91% less from 330.80 million shares in 2017Q3 were reported.
Dimensional Fund Ltd Partnership reported 5.16 million shares. Guggenheim Cap Limited Liability stated it has 2.25 million shares. Diamond Hill Capital Management reported 1.86% of its portfolio in Juniper Networks, Inc. (NYSE:JNPR). Quantbot Technology Ltd Partnership invested 0.12% of its portfolio in Juniper Networks, Inc. (NYSE:JNPR). Pnc Fincl Serv Grp has invested 0% in Juniper Networks, Inc. (NYSE:JNPR). Bridgewater Associates Lp reported 246,506 shares or 0.06% of all its holdings. Moreover, Sg Americas Limited Liability Company has 0.03% invested in Juniper Networks, Inc. (NYSE:JNPR). Matarin Capital Lc stated it has 128,174 shares. 314 are held by Fny Managed Accounts Ltd Company. Ww Asset Management Inc has invested 0.03% in Juniper Networks, Inc. (NYSE:JNPR). 4,766 were accumulated by Tiverton Asset Limited Co. Nuwave Investment Management Ltd Liability Com has 0% invested in Juniper Networks, Inc. (NYSE:JNPR) for 44 shares. Moreover, California State Teachers Retirement Systems has 0.04% invested in Juniper Networks, Inc. (NYSE:JNPR) for 712,663 shares. Atlantic Tru Ltd Co reported 180 shares or 0% of all its holdings. Ubs Asset Mngmt Americas holds 0.05% or 2.17 million shares.

Since February 14, 2018, it had 0 buys, and 5 insider sales for $985,580 activity. The insider SPIDELL TERRANCE F sold 8,409 shares worth $222,587. rahim rami also sold $283,684 worth of Juniper Networks, Inc. (NYSE:JNPR) on Monday, February 26. STENSRUD WILLIAM sold 10,000 shares worth $261,700.

The chart of Juniper Networks, Inc. (JNPR) shows a double bottom with $23.62 target or 3.00 % below today’s $24.35 share price. The 9 months chart pattern indicates high risk for the $8.50B company. It was reported on Apr, 21 by Finviz.com. If the $23.62 price target is reached, the company will be worth $254.97 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.37% or $0.09 during the last trading session, reaching $24.35. About 3.42 million shares traded. Juniper Networks, Inc. (NYSE:JNPR) has declined 12.61% since April 21, 2017 and is downtrending. It has underperformed by 24.16% the S&P500.

Analysts await Juniper Networks, Inc. (NYSE:JNPR) to report earnings on May, 1 after the close. They expect $0.16 EPS, down 52.94 % or $0.18 from last year’s $0.34 per share. JNPR’s profit will be $55.85M for 38.05 P/E if the $0.16 EPS becomes a reality. After $0.45 actual EPS reported by Juniper Networks, Inc. for the previous quarter, Wall Street now forecasts -64.44 % negative EPS growth.

Juniper Networks, Inc. (NYSE:JNPR) Ratings Coverage

Among 19 analysts covering Juniper Networks (NYSE:JNPR), 3 have Buy rating, 3 Sell and 13 Hold. Therefore 16% are positive. Juniper Networks had 24 analyst reports since October 25, 2017 according to SRatingsIntel. The stock of Juniper Networks, Inc. (NYSE:JNPR) has “Neutral” rating given on Wednesday, January 31 by Nomura. Robert W. Baird maintained the shares of JNPR in report on Wednesday, October 25 with “Neutral” rating. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, January 31 report. The stock of Juniper Networks, Inc. (NYSE:JNPR) earned “Neutral” rating by Nomura on Wednesday, October 25. The stock of Juniper Networks, Inc. (NYSE:JNPR) has “Hold” rating given on Wednesday, January 10 by Piper Jaffray. The firm has “Hold” rating by Stifel Nicolaus given on Friday, December 15. RBC Capital Markets maintained it with “Hold” rating and $25.0 target in Wednesday, October 25 report. The stock of Juniper Networks, Inc. (NYSE:JNPR) earned “Hold” rating by Cowen & Co on Wednesday, January 31. The company was maintained on Wednesday, October 25 by UBS. The stock of Juniper Networks, Inc. (NYSE:JNPR) has “Sell” rating given on Friday, January 5 by Deutsche Bank.

Juniper Networks, Inc. (NYSE:JNPR) Institutional Positions Chart

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