Royal Bank Of Canada reissued their hold rating on shares of Juniper Networks, Inc. (NYSE:JNPR) in a report published on Wednesday, September 6th. They currently have a $30.00 price objective on the network equipment provider’s stock.
A number of other analysts also recently issued reports on JNPR. ValuEngine raised Juniper Networks from a hold rating to a buy rating in a research report on Friday, June 2nd. Pacific Crest initiated coverage on Juniper Networks in a research report on Monday, June 5th. They issued a sector weight rating and a $31.00 target price for the company. KeyCorp initiated coverage on Juniper Networks in a research report on Monday, June 5th. They issued a hold rating and a $31.00 target price for the company. TheStreet lowered Juniper Networks from a b rating to a c+ rating in a report on Thursday, June 29th. Finally, Instinet reaffirmed a buy rating and issued a $33.00 price target on shares of Juniper Networks in a report on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Juniper Networks currently has an average rating of Hold and an average price target of $30.94.
Shares of Juniper Networks (NYSE:JNPR) opened at 27.80 on Wednesday. The company has a 50-day moving average price of $27.62 and a 200 day moving average price of $28.50. Juniper Networks has a 1-year low of $22.41 and a 1-year high of $30.96. The company has a market capitalization of $10.57 billion, a P/E ratio of 16.64 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Juniper Networks will post $2.24 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. Juniper Networks’s dividend payout ratio is currently 23.39%.
In related news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,044 shares of company stock worth $974,774. Company insiders own 3.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its holdings in Juniper Networks by 837.8% during the 1st quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock valued at $130,000 after purchasing an additional 4,189 shares during the period. Creative Planning increased its holdings in Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the period. Petrus Trust Company LTA purchased a new position in Juniper Networks during the 2nd quarter valued at about $204,000. Menta Capital LLC purchased a new position in Juniper Networks during the 1st quarter valued at about $205,000. Finally, River Wealth Advisors LLC purchased a new position in Juniper Networks during the 2nd quarter valued at about $206,000. Institutional investors own 90.16% of the company’s stock.
Juniper Networks Company Profile
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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