BidaskClub upgraded shares of Juniper Networks, Inc. (NYSE:JNPR) from a sell rating to a hold rating in a research report report published on Thursday, October 5th.
A number of other brokerages also recently issued reports on JNPR. Zacks Investment Research upgraded shares of Juniper Networks from a hold rating to a strong-buy rating and set a $32.00 price target for the company in a report on Wednesday, August 16th. Drexel Hamilton restated a buy rating and set a $37.00 price target on shares of Juniper Networks in a report on Thursday, July 20th. Berenberg Bank restated a buy rating and set a $35.00 price target on shares of Juniper Networks in a report on Thursday, July 27th. Instinet restated a buy rating and set a $33.00 price target on shares of Juniper Networks in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a hold rating and set a $30.00 price target on shares of Juniper Networks in a report on Wednesday, September 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks presently has an average rating of Hold and an average target price of $30.39.
Juniper Networks (NYSE JNPR) opened at 26.11 on Thursday. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 15.63 and a beta of 1.09. The stock’s 50 day moving average price is $27.56 and its 200 day moving average price is $28.45. Juniper Networks has a 12 month low of $22.41 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $0.50 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Juniper Networks will post $2.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Wednesday, August 30th. Juniper Networks’s payout ratio is 23.39%.
In related news, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. Insiders have sold 35,044 shares of company stock worth $974,774 in the last three months. Insiders own 2.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of JNPR. Creative Planning increased its position in shares of 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 acquiring an additional 21 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Juniper Networks by 4.3% in 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. Petrus Trust Company LTA acquired a new stake in shares of Juniper Networks in the second quarter worth $204,000. Menta Capital LLC acquired a new stake in shares of Juniper Networks in the first quarter worth $205,000. Finally, River Wealth Advisors LLC acquired a new stake in shares of Juniper Networks in the second quarter worth $206,000. 90.14% of the stock is owned by hedge funds and other institutional investors.
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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