Juniper Networks (NYSE:JNPR) Lifted to Neutral at Rosenblatt Securities

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Juniper Networks (NYSE:JNPR) was upgraded by Rosenblatt Securities from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a $27.00 target price on the network equipment provider’s stock, up from their previous target price of $24.00. Rosenblatt Securities’ price target points to a potential upside of 0.33% from the stock’s previous close.

Several other equities analysts also recently commented on the company. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, April 8th. Finally, Piper Jaffray Companies set a $27.00 target price on Juniper Networks and gave the stock a “hold” rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Juniper Networks presently has an average rating of “Hold” and a consensus price target of $28.38.

Shares of Juniper Networks stock opened at $26.91 on Wednesday. Juniper Networks has a 52 week low of $24.51 and a 52 week high of $30.80. The stock has a market capitalization of $9.40 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 3.06 and a beta of 0.90. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.41.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.15. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $983.92 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s revenue was down 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Juniper Networks will post 1.42 EPS for the current fiscal year.

In other news, CFO Kenneth Bradley Miller sold 7,000 shares of Juniper Networks stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $27.86, for a total value of $195,020.00. Following the sale, the chief financial officer now directly owns 84,333 shares of the company’s stock, valued at $2,349,517.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bikash Koley sold 10,882 shares of Juniper Networks stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $27.68, for a total value of $301,213.76. Following the completion of the sale, the executive vice president now directly owns 48,620 shares in the company, valued at $1,345,801.60. The disclosure for this sale can be found here. Insiders sold 82,523 shares of company stock worth $2,230,218 over the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Covington Capital Management bought a new stake in Juniper Networks during the fourth quarter worth approximately $31,000. Bremer Bank National Association bought a new stake in Juniper Networks during the first quarter worth approximately $39,000. Bremer Trust National Association bought a new stake in Juniper Networks during the fourth quarter worth approximately $41,000. Financial Gravity Companies Inc. bought a new stake in Juniper Networks during the fourth quarter worth approximately $47,000. Finally, Rational Advisors LLC increased its stake in Juniper Networks by 1,800.8% during the first quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock worth $60,000 after acquiring an additional 2,143 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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