Juniper Networks Inc. (NYSE:JNPR) has earned a consensus recommendation of “Hold” from the thirty-one research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.38.
A number of brokerages have recently commented on JNPR. Zacks Investment Research raised Juniper Networks from a “sell” rating to a “hold” rating in a report on Tuesday. Drexel Hamilton reissued a “buy” rating and set a $36.00 price objective on shares of Juniper Networks in a report on Wednesday, August 3rd. Robert W. Baird reissued a “neutral” rating and set a $26.00 price objective on shares of Juniper Networks in a report on Thursday, July 28th. Barclays PLC reissued a “hold” rating on shares of Juniper Networks in a report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Juniper Networks in a report on Wednesday, July 27th.
In related news, Director Scott Kriens sold 750,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $23.46, for a total transaction of $17,595,000.00. Following the completion of the sale, the director now directly owns 130,122 shares of the company’s stock, valued at approximately $3,052,662.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Terrance F. Spidell sold 3,089 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $24.11, for a total value of $74,475.79. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Aston Asset Management LLC boosted its stake in Juniper Networks by 18.1% in the first quarter. Aston Asset Management LLC now owns 111,970 shares of the network equipment provider’s stock worth $2,856,000 after buying an additional 17,158 shares in the last quarter. FDO Partners LLC acquired a new stake in Juniper Networks during the first quarter worth $221,000. Ngam Advisors L.P. boosted its stake in Juniper Networks by 54.6% in the first quarter. Ngam Advisors L.P. now owns 37,109 shares of the network equipment provider’s stock worth $947,000 after buying an additional 13,099 shares in the last quarter. Pacad Investment Ltd. boosted its stake in Juniper Networks by 55.0% in the first quarter. Pacad Investment Ltd. now owns 116,753 shares of the network equipment provider’s stock worth $2,978,000 after buying an additional 41,441 shares in the last quarter. Finally, Bowling Portfolio Management LLC boosted its stake in Juniper Networks by 84.5% in the first quarter. Bowling Portfolio Management LLC now owns 203,192 shares of the network equipment provider’s stock worth $5,183,000 after buying an additional 93,064 shares in the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.
Juniper Networks (NYSE:JNPR) opened at 24.06 on Monday. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 14.95 and a beta of 1.82. The stock’s 50 day moving average is $23.33 and its 200-day moving average is $23.43. Juniper Networks has a 12 month low of $21.18 and a 12 month high of $32.39.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 26th. The network equipment provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Juniper Networks had a return on equity of 13.84% and a net margin of 12.83%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, equities research analysts expect that Juniper Networks will post $1.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.66%. Juniper Networks’s dividend payout ratio is 24.84%.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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