BidaskClub downgraded shares of Juniper Networks, Inc. (NYSE:JNPR) from a hold rating to a sell rating in a research note released on Tuesday, October 17th.
A number of other research firms have also issued reports on JNPR. Zacks Investment Research upgraded shares of Juniper Networks from a hold rating to a strong-buy rating and set a $32.00 target price on the stock in a research note on Wednesday, August 16th. Bank of America Corporation downgraded shares of Juniper Networks from a buy rating to a neutral rating and reduced their price target for the company from $35.00 to $31.00 in a report on Wednesday, October 11th. Nomura downgraded shares of Juniper Networks from a buy rating to a neutral rating and reduced their price target for the company from $33.00 to $27.00 in a report on Thursday, October 12th. Drexel Hamilton reissued a buy rating and issued a $37.00 price target on shares of Juniper Networks in a report on Thursday, July 20th. Finally, Berenberg Bank reissued a buy rating and issued a $35.00 price target on shares of Juniper Networks in a report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $29.54.
Juniper Networks (NYSE JNPR) traded up 0.48% during trading on Tuesday, reaching $24.98. The company had a trading volume of 742,981 shares. Juniper Networks has a 1-year low of $23.87 and a 1-year high of $30.96. The firm has a 50-day moving average of $27.18 and a 200-day moving average of $28.33. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 14.95 and a beta of 1.09.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, analysts anticipate that Juniper Networks will post $2.11 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s payout ratio is 23.26%.
In related news, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $27.47, for a total transaction of $145,591.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,900,104.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. Insiders have sold a total of 30,013 shares of company stock worth $823,844 in the last three months. 2.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in JNPR. Creative Planning lifted its stake in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Juniper Networks by 4.3% in the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after buying an additional 201 shares in the last quarter. Petrus Trust Company LTA bought a new position in Juniper Networks in the second quarter valued at approximately $204,000. Menta Capital LLC bought a new position in Juniper Networks in the first quarter valued at approximately $205,000. Finally, River Wealth Advisors LLC bought a new position in Juniper Networks in the second quarter valued at approximately $206,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.
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, the Middle East and Africa, and Asia Pacific.
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