JNPR reported EPS yesterday after the close of $0.31 vs a $0.33 estimate. Revenue came in at $1.12B, lower than the $1.15B estimate. Their guidance going into the second half of the year was cautious and lower than what the analysts were expecting. The stock is down 19% in pre-market trading.
So far this morning, four Wall Street firms downgraded their rating on JNPR from the highest rating they give ("overweight" or "outperform"). Goldman Sachs removed the stock from their "Conviction Buy List."
The consensus 12-month price target has been lowered 20% to $34.56.