Juniper Networks (NYSE:JNPR)‘s stock had its “sell” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, September 18th.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, July 31st. Deutsche Bank raised shares of Juniper Networks from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $32.00 in a research note on Monday, July 30th. Oppenheimer reaffirmed a “buy” rating on shares of Juniper Networks in a research note on Tuesday, August 7th. BMO Capital Markets downgraded shares of Juniper Networks from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $30.00 to $27.00 in a research note on Friday, July 27th. Finally, Piper Jaffray Companies lifted their target price on shares of Juniper Networks from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $27.52.
JNPR traded up $0.54 on Tuesday, reaching $27.32. 3,286,961 shares of the company’s stock were exchanged, compared to its average volume of 4,708,691. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.40. Juniper Networks has a twelve month low of $23.61 and a twelve month high of $30.23. The firm has a market capitalization of $10.33 billion, a PE ratio of 15.79, a PEG ratio of 4.36 and a beta of 0.85.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 26th. The network equipment provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Juniper Networks had a net margin of 3.70% and a return on equity of 10.83%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. Juniper Networks’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, analysts predict that Juniper Networks will post 1.2 earnings per share for the current fiscal year.
In related news, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $26.40, for a total transaction of $139,920.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William Stensrud sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $28.20, for a total transaction of $564,000.00. Following the sale, the director now directly owns 5,531 shares in the company, valued at $155,974.20. The disclosure for this sale can be found here. Insiders sold a total of 41,300 shares of company stock worth $1,130,160 over the last three months. Insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management increased its stake in Juniper Networks by 47.6% during the 2nd quarter. LSV Asset Management now owns 11,027,697 shares of the network equipment provider’s stock worth $302,379,000 after buying an additional 3,556,354 shares during the period. First Trust Advisors LP grew its holdings in Juniper Networks by 9.3% during the 2nd quarter. First Trust Advisors LP now owns 11,010,606 shares of the network equipment provider’s stock worth $301,911,000 after acquiring an additional 937,658 shares in the last quarter. FIL Ltd grew its holdings in Juniper Networks by 4.6% during the 1st quarter. FIL Ltd now owns 9,527,270 shares of the network equipment provider’s stock worth $231,799,000 after acquiring an additional 417,542 shares in the last quarter. Northern Trust Corp grew its holdings in Juniper Networks by 1.0% during the 2nd quarter. Northern Trust Corp now owns 4,279,561 shares of the network equipment provider’s stock worth $117,346,000 after acquiring an additional 43,533 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Juniper Networks by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 2,689,574 shares of the network equipment provider’s stock worth $73,749,000 after acquiring an additional 173,397 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
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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