Stocks Stumbling to 52-Week Lows: J.C. Penney, Dell
Jos. A Bank's forward P/E is 11.85; the average among its peers is 17.33. For comparison, Men's Wearhouse(MW) has a lower forward P/E of 11.82.
Five of the eight analysts who cover Jos. A Bank rated it buy; three analysts gave the stock a hold rating.
The stock has fallen 17.7% year to date.
Juniper Networks
The networking equipment company announced a $1 billion buyback program.
"We believe the company will focus on its strategy, TAM and product roadmap, while offering no near-term financial updates," Wedbush analysts wrote in a June 8 report. "However, we believe investors will focus on the macro, sales cycles, the financial model and the slower-than-expected ramp of new products. Clearly weaker SP capex is the key issue for the company, but we believe its relatively weak positioning in mobility and the enterprise, product issues and the competitive environment are impediments to long-term growth. In our view, the company is likely to continue to spend on R&D (20%+ of rev), but may have to become more aggressive with M&A, create more meaningful go-to-market partnerships and moderate LT expectations of 20%+ revenue growth and OM of 25%+. We advise investors to remain on the sidelines until our contacts suggest a rebound in spending, improved execution and some easing in the competitive environment."
Shares of Juniper Networks hit a 52-week low on Tuesday of $16.33. The stock's 52-week high of $33.11 was set on July 7.
Twenty-five of the 40 analysts who cover Juniper Networks rated it hold. Twelve analysts gave the stock a buy rating and three rated it sell.