Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued to investors on Thursday, July 27th. They presently have a $35.00 price target on the network equipment provider’s stock. Berenberg Bank’s price target points to a potential upside of 23.89% from the company’s previous close.
Several other brokerages also recently commented on JNPR. Instinet reissued a “buy” rating and issued a $33.00 target price on shares of Juniper Networks in a report on Thursday, April 6th. Drexel Hamilton reissued a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. TheStreet raised Juniper Networks from a “c+” rating to a “b” rating in a report on Monday, July 24th. Cowen and Company upped their price objective on Juniper Networks from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $30.00 price objective (up previously from $27.00) on shares of Juniper Networks in a report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.89.
Shares of Juniper Networks (NYSE JNPR) opened at 28.25 on Thursday. Juniper Networks has a one year low of $22.40 and a one year high of $30.96. The company has a market cap of $10.75 billion, a P/E ratio of 16.91 and a beta of 1.07. The company has a 50 day moving average price of $28.57 and a 200 day moving average price of $28.52.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. Juniper Networks’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. Equities research analysts expect that Juniper Networks will post $2.24 earnings per share for the current year.
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In other news, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rami Rahim sold 10,700 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $30.64, for a total transaction of $327,848.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $14,388,758.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,544 shares of company stock valued at $3,232,192. Corporate insiders own 3.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares in the last quarter. Creative Planning increased its position in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares in the last quarter. Menta Capital LLC acquired a new position in Juniper Networks during the first quarter worth approximately $205,000. River Wealth Advisors LLC acquired a new position in Juniper Networks during the second quarter worth approximately $206,000. Finally, Advisor Partners LLC purchased a new stake in shares of Juniper Networks during the first quarter valued at about $210,000. Institutional investors own 91.15% of the company’s stock.
About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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