Juniper Networks (NYSE:JNPR) Rating Reiterated by Credit Suisse Group

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Juniper Networks (NYSE:JNPR)‘s stock had its “sell” rating reaffirmed by analysts at Credit Suisse Group in a research report issued on Friday, Stock Target Advisor reports. They currently have a $17.00 price objective on the network equipment provider’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 26.60% from the stock’s previous close.

JNPR has been the topic of a number of other reports. Deutsche Bank decreased their price objective on shares of Juniper Networks from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $23.00 price target on shares of Juniper Networks in a research note on Wednesday, March 18th. Wells Fargo & Co dropped their price objective on Juniper Networks from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. CSFB decreased their target price on Juniper Networks from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Raymond James boosted their target price on Juniper Networks from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.59.

JNPR opened at $23.16 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.93 and a current ratio of 1.93. Juniper Networks has a 52-week low of $15.20 and a 52-week high of $27.57. The firm has a market cap of $7.72 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The business’s fifty day moving average is $22.40 and its 200-day moving average is $23.21.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, April 28th. The network equipment provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.11. Juniper Networks had a net margin of 7.53% and a return on equity of 8.93%. The business had revenue of $998.00 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the business posted $0.26 earnings per share. Juniper Networks’s revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Juniper Networks will post 1.1 earnings per share for the current fiscal year.

In other Juniper Networks news, EVP Manoj Leelanivas sold 22,587 shares of Juniper Networks stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $24.00, for a total transaction of $542,088.00. Following the transaction, the executive vice president now directly owns 63,459 shares of the company’s stock, valued at approximately $1,523,016. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in JNPR. The Manufacturers Life Insurance Company lifted its position in shares of Juniper Networks by 10.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 367,036 shares of the network equipment provider’s stock worth $7,024,000 after purchasing an additional 35,971 shares during the period. APG Asset Management N.V. raised its stake in Juniper Networks by 106.9% during the first quarter. APG Asset Management N.V. now owns 934,509 shares of the network equipment provider’s stock worth $17,887,000 after buying an additional 482,900 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in Juniper Networks in the first quarter valued at $531,000. Value Holdings Management CO. LLC acquired a new position in Juniper Networks in the first quarter valued at $402,000. Finally, Tower Research Capital LLC TRC boosted its position in Juniper Networks by 205.5% during the first quarter. Tower Research Capital LLC TRC now owns 15,767 shares of the network equipment provider’s stock valued at $302,000 after acquiring an additional 10,606 shares during the last quarter. 91.67% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Company Profile

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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