Juniper Networks (NYSE:JNPR) Upgraded by Evercore ISI to Outperform Rating

Evercore ISI upgraded shares of Juniper Networks (NYSE:JNPR) from an in-line rating to an outperform rating in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has $40.00 price target on the network equipment provider’s stock.

Other research analysts also recently issued reports about the company. Barclays dropped their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Juniper Networks presently has a consensus rating of “Hold” and an average target price of $39.40.

Juniper Networks Stock Performance

Shares of NYSE JNPR opened at $35.58 on Tuesday. The stock has a market cap of $11.78 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 7.70 and a beta of 0.87. Juniper Networks has a 1 year low of $33.72 and a 1 year high of $39.79. The firm has a fifty day moving average price of $37.30 and a 200-day moving average price of $38.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.41% and a net margin of 4.97%. Equities analysts anticipate that Juniper Networks will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Juniper Networks

A number of hedge funds have recently bought and sold shares of JNPR. Oddo BHF Asset Management Sas bought a new stake in shares of Juniper Networks in the 3rd quarter worth about $25,337,000. Twin Securities Inc. increased its stake in Juniper Networks by 760.3% during the third quarter. Twin Securities Inc. now owns 678,257 shares of the network equipment provider’s stock worth $26,438,000 after acquiring an additional 599,420 shares during the last quarter. State Street Corp raised its position in Juniper Networks by 3.8% during the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock valued at $614,280,000 after purchasing an additional 574,418 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Juniper Networks by 172,681.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 552,900 shares of the network equipment provider’s stock valued at $21,552,000 after purchasing an additional 552,580 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Juniper Networks by 1,885.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the network equipment provider’s stock worth $19,390,000 after purchasing an additional 472,370 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.