Downgrade Alert for Juniper Networks (JNPR)
Juniper Networks (NASDAQ:JNPR) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $21.92 on volume of 3.8 million shares, below average daily volume of 6.0 million.
Juniper Networks, Inc. provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers. The Company offers network infrastructure solutions that includes IP routing, Ethernet switching, security and application acceleration solutions.
There is potential upside of 44.6% for shares of Juniper Networks based on a current price of $21.92 and an average consensus analyst price target of $31.70. Juniper Networks shares should first meet resistance at the 50-day moving average (MA) of $24.65 and find additional resistance at the 200-day MA of $26.71.
Over the past year, Juniper Networks has traded in a range of $21.17 to $32.39 and closed yesterday at $21.92, 4% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of Juniper Networks on April 12th, 2016 by issuing a Downtrend alert when the shares were trading at $22.81. Since that call, shares of Juniper Networks have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades Juniper Networks