Juniper Networks, Inc. (NYSE:JNPR) had its price target cut by investment analysts at Citigroup Inc. from $28.00 to $25.00 in a research report issued to clients and investors on Wednesday, October 25th. The firm presently has a “neutral” rating on the network equipment provider’s stock.
A number of other equities research analysts also recently weighed in on JNPR. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Instinet reissued a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a research note on Tuesday, July 4th. BMO Capital Markets raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $31.00 to $34.00 in a research note on Monday, July 10th. Drexel Hamilton reissued a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. Finally, Raymond James Financial, Inc. raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Friday, July 21st. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.61.
Shares of Juniper Networks (NYSE:JNPR) traded down $0.35 during mid-day trading on Wednesday, reaching $25.00. 7,274,300 shares of the company’s stock traded hands, compared to its average volume of 4,918,605. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.48. The firm has a market capitalization of $9,504.43, a P/E ratio of 13.93, a PEG ratio of 2.01 and a beta of 1.05. Juniper Networks has a 1 year low of $23.87 and a 1 year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share 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 13.81%. The business 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 firm posted $0.58 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. research analysts forecast that Juniper Networks will post 1.7 earnings per share for the current fiscal year.
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In other news, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction dated 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 in the company, valued at $12,900,104.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 26,700 shares of company stock worth $732,107 in the last quarter. Company insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Juniper Networks by 0.4% during the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Juniper Networks by 0.3% during the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 24 shares during the period. Contravisory Investment Management Inc. raised its holdings in shares of Juniper Networks by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after purchasing an additional 60 shares during the period. Cadence Capital Management LLC raised its holdings in shares of Juniper Networks by 0.5% during the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after purchasing an additional 63 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Juniper Networks by 0.3% during the second quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock valued at $1,204,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 90.96% of the company’s stock.
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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