BidaskClub lowered shares of Juniper Networks, Inc. (NYSE:JNPR) from a hold rating to a sell rating in a research note released on Tuesday, October 17th.
Other analysts have also issued research reports about the company. TheStreet upgraded Juniper Networks from a c+ rating to a b rating in a report on Monday, July 24th. Zacks Investment Research raised Juniper Networks from a hold rating to a buy rating and set a $31.00 target price for the company in a report on Friday, July 28th. Berenberg Bank reaffirmed a buy rating and set a $35.00 target price on shares of Juniper Networks in a report on Thursday, July 27th. Drexel Hamilton reaffirmed a buy rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Finally, Instinet reaffirmed a buy rating and set a $33.00 target price on shares of Juniper Networks in a report on Tuesday, July 4th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $29.61.
Juniper Networks (JNPR) traded up $0.30 during trading hours on Tuesday, hitting $24.85. The stock had a trading volume of 1,970,922 shares, compared to its average volume of 7,297,862. The company has a market cap of $9,380.47, a P/E ratio of 13.49, a PEG ratio of 1.95 and a beta of 1.05. The company has a quick ratio of 2.48, a current ratio of 2.72 and a debt-to-equity ratio of 0.41.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. research analysts expect that Juniper Networks will post 1.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.61%. Juniper Networks’s dividend payout ratio is presently 23.26%.
In other news, CEO Rami Rahim sold 5,300 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $27.47, for a total value of $145,591.00. Following the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,900,104.29. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 26,700 shares of company stock worth $732,107. Corporate insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in Juniper Networks by 0.4% during the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after acquiring an additional 21 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in Juniper Networks by 4.3% during the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after acquiring an additional 201 shares in the last quarter. Stevens First Principles Investment Advisors raised its holdings in Juniper Networks by 40.9% during the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares in the last quarter. Petrus Trust Company LTA acquired a new position in Juniper Networks during the second quarter worth approximately $204,000. Finally, Menta Capital LLC acquired a new position in Juniper Networks during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 90.96% 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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