Shares of Juniper Networks, Inc. (JNPR) are trading down 4.50% at $20 as of 9:01 a.m. ET after the company reduced preliminary third-quarter results that missed its own forecast, with the telecommunications equipment maker citing “lower-than-anticipated demand from service providers, particularly in the U.S.”
Revenue for the third quarter of 2014 is now projected to be $1.11 billion to $1.12 billion, below the company’s previous guidance of $1.15 million to $1.2 million. Adjusted EPS will be $0.34 to $0.36, compared with its earlier $0.35 to $0.40-projection per diluted share.
Juniper Networks shares are currently priced at 17.96x this year’s forecasted earnings compared to the industry’s 9.99x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.05 and 11.32, respectively. Price/sales for the same period is 1.94 while EPS is $1.17. Currently there are 13 analysts that rate JNPR a ‘Buy’, while 22 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. JNPR has a median Wall Street price target of $27.00 with a high target of $32.00.
In the past 52 weeks, shares of the Sunnyvale, California-based company have traded between a low of $18.36 and a high of $28.75 and are now at $20.00. Shares are up 5.12% year-over-year ; down 6.81% year-to-date.
The chart below shows where the stock has traded over the last year, with the 50-day and 200-day moving averages included.