Juniper Networks’ (NYSE:JNPR) “Hold” Rating Reaffirmed at Cowen and Company

Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “hold” rating reissued by research analysts at Cowen and Company in a research report issued to clients and investors on Friday, October 27th. They presently have a $28.00 price objective on the network equipment provider’s stock. Cowen and Company’s price target indicates a potential upside of 5.94% from the company’s previous close.

A number of other research firms also recently commented on JNPR. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. 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. Instinet downgraded Juniper Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Juniper Networks from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and an average target price of $29.42.

Juniper Networks (NYSE:JNPR) traded up $1.07 during trading hours on Friday, hitting $26.43. The stock had a trading volume of 12,604,500 shares, compared to its average volume of 4,959,170. The company has a market capitalization of $9,508.18, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70. Juniper Networks has a fifty-two week low of $23.87 and a fifty-two week high of $30.96.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $0.58 EPS. Juniper Networks’s revenue for the quarter was down 2.1% on a year-over-year basis. analysts forecast that Juniper Networks will post 1.7 EPS for the current fiscal year.

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In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $27.47, for a total transaction of $145,591.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,900,104.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rahul N. Merchant purchased 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $24.48 per share, with a total value of $48,960.00. Following the transaction, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 26,700 shares of company stock valued at $732,107. 2.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after buying an additional 2,314,683 shares in the last quarter. Dodge & Cox increased its position in Juniper Networks by 0.4% during the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after buying an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Juniper Networks by 12.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock worth $355,227,000 after buying an additional 1,386,036 shares in the last quarter. First Trust Advisors LP increased its position in Juniper Networks by 1.3% during the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock worth $200,817,000 after buying an additional 91,809 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Juniper Networks by 25.4% during the third quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock worth $188,804,000 after buying an additional 1,375,394 shares in the last quarter. 93.32% of the stock is owned by 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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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