Juniper Networks, Inc. (NYSE:JNPR) has received an average recommendation of “Hold” from the thirty ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.99.
JNPR has been the topic of several analyst reports. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Barclays PLC reiterated an “equal weight” rating on shares of Juniper Networks in a report on Saturday, April 22nd. Standpoint Research downgraded Juniper Networks from a “buy” rating to a “reduce” rating in a report on Wednesday, May 3rd. Zacks Investment Research downgraded Juniper Networks from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Finally, Cowen and Company raised their target price on Juniper Networks from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, April 26th.
In other Juniper Networks news, Director Pradeep Sindhu sold 76,900 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.55, for a total transaction of $2,349,295.00. Following the completion of the transaction, the director now owns 40,773 shares in the company, valued at approximately $1,245,615.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was 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. Insiders have sold a total of 95,844 shares of company stock valued at $2,904,344 in the last quarter. 3.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC raised its position in shares of Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares during the period. Creative Planning raised 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 buying an additional 21 shares during the period. Menta Capital LLC acquired a new position in shares of Juniper Networks during the first quarter worth about $205,000. River Wealth Advisors LLC acquired a new position in shares of Juniper Networks during the second quarter worth about $206,000. Finally, Synovus Financial Corp raised its position in shares of Juniper Networks by 1.9% in the second quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after buying an additional 139 shares during the period. Institutional investors own 91.15% of the company’s stock.
Shares of Juniper Networks (NYSE JNPR) traded down 0.11% during trading on Friday, hitting $27.41. The stock had a trading volume of 5,516,082 shares. The company has a market cap of $10.42 billion, a P/E ratio of 16.40 and a beta of 1.07. Juniper Networks has a one year low of $22.40 and a one year high of $30.96. The stock’s 50-day moving average price is $28.45 and its 200-day moving average price is $28.54.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. On average, equities research analysts forecast that Juniper Networks will post $2.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.
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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