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How Cisco, Ericsson, Nokia, and Juniper Performed in 1Q17

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Cisco’s share activity in 1Q17

In this series, we’ll look at the performance of four communication equipment companies in the first quarter of 2017: Cisco Systems (CSCO), Ericsson (ERIC), Juniper (JNPR), and Nokia (NOK). We’ll analyze their stock performances, quarterly results, and the key drivers of all four firms.

Cisco has seen its share price rise 11.8% since the start of calendar 2017 and 17% in the trailing-12-month period, closing 1Q17 at $33.8. Cisco shares rose 15.2% in calendar 2016.

Currently, the 32 analysts tracking the stock have issued a 12-month median price target of $36 for Cisco, which indicates that the firm is trading at a discount of 6.5% to target estimates.

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Ericsson’s rise in 1Q17

Ericsson (ERIC) stock rose 13.9% in 1Q17 and has returned -35% in the trailing-12-month period, closing the first quarter of 2017 at $6.64. Its shares fell 36% in calendar 2016.

Currently, the 12 analysts tracking the stock have issued a 12-month median price target of $6.5 for Ericsson, which indicates that the firm is trading at a premium of 2.1% to target estimates.

Juniper’s fall in 1Q17

Juniper’s (JNPR) shares fell 1.5% in 1Q17 and have returned 8.5% in the trailing-12-month period, closing the first quarter of 2017 at $27.83. Its shares rose 4% in calendar 2016.

Currently, the 28 analysts tracking the stock have issued a 12-month median price target of $28 for Juniper, which indicates that the firm is trading at a discount of 0.6% to target estimates.

Nokia in 1Q17

Nokia’s (NOK) shares rose 12.7% in 1Q17 and have returned -8% in the trailing-12-month period, closing the first quarter of 2017 at $5.42. Its shares fell 28% in calendar 2016.

Currently, the 17 analysts tracking the stock have issued a 12-month median price target of $5.61 for Nokia, which indicates that the firm is trading at a premium of 3.5% to target estimates.

By comparison, the SPDR S&P 500 ETF Trust (SPY) generated returns of 5.5% in 1Q17.

In the next part of this five-part series, we’ll focus on Cisco.

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