Juniper Networks, Inc. (NYSE:JNPR) had its price objective trimmed by Nomura from $27.00 to $26.00 in a research note released on Wednesday, October 25th. The brokerage currently has a neutral rating on the network equipment provider’s stock.
JNPR has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Juniper Networks from a hold rating to a buy rating and set a $31.00 price objective for the company in a report on Friday, July 28th. BidaskClub upgraded shares of Juniper Networks from a sell rating to a hold rating in a report on Thursday, October 5th. Raymond James Financial, Inc. upgraded shares of Juniper Networks from a market perform rating to an outperform rating and set a $34.00 target price for the company in a report on Friday, July 21st. Bank of America Corporation dropped their target price on shares of Juniper Networks from $31.00 to $30.00 and set a neutral rating for the company in a report on Wednesday, October 18th. Finally, OTR Global downgraded shares of Juniper Networks to a positive rating in a report on Friday, October 13th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $29.61.
Juniper Networks (NYSE:JNPR) traded down $0.35 during trading hours 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 quick ratio of 2.48 and a current ratio of 2.70. Juniper Networks has a one year low of $23.87 and a one year high of $30.96. The stock has a market capitalization of $9,504.43, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share. research analysts predict that Juniper Networks will post 1.7 EPS for the current 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 issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.60%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.
In related news, CEO Rami Rahim sold 16,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,881,320.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 26,700 shares of company stock worth $732,107. Corporate insiders own 2.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. acquired a new position in Juniper Networks during the 3rd quarter valued at about $111,000. Creative Planning grew its stake in shares of Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the last quarter. Acrospire Investment Management LLC grew its stake in shares of Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors grew its stake in shares of Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Petrus Trust Company LTA acquired a new position in shares of Juniper Networks in the 2nd quarter worth approximately $204,000. 90.96% of the stock is currently owned by hedge funds and other institutional investors.
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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