Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total value of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Rami Rahim also recently made the following trade(s):
- On Thursday, November 16th, Rami Rahim sold 16,100 shares of Juniper Networks stock. The stock was sold at an average price of $26.24, for a total value of $422,464.00.
- On Tuesday, August 29th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The stock was sold at an average price of $27.34, for a total value of $147,636.00.
- On Monday, August 28th, Rami Rahim sold 5,300 shares of Juniper Networks stock. The stock was sold at an average price of $27.47, for a total value of $145,591.00.
- On Wednesday, August 30th, Rami Rahim sold 16,000 shares of Juniper Networks stock. The shares were sold at an average price of $27.43, for a total value of $438,880.00.
Shares of Juniper Networks, Inc. (NYSE JNPR) opened at $28.38 on Friday. The firm has a market capitalization of $10,408.01, a price-to-earnings ratio of 15.25, a PEG ratio of 2.21 and a beta of 1.09. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks, Inc. has a 1 year low of $23.87 and a 1 year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. sell-side analysts anticipate that Juniper Networks, Inc. will post 1.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Juniper Networks’s dividend payout ratio is currently 23.26%.
Several hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp increased its holdings in Juniper Networks by 9.1% in the 2nd quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock worth $3,480,000 after purchasing an additional 10,465 shares in the last quarter. Regentatlantic Capital LLC increased its stake in shares of Juniper Networks by 144.0% in the third quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after buying an additional 16,280 shares during the period. Profund Advisors LLC increased its stake in shares of Juniper Networks by 19.4% in the second quarter. Profund Advisors LLC now owns 99,561 shares of the network equipment provider’s stock valued at $2,776,000 after buying an additional 16,194 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Juniper Networks by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock valued at $2,858,000 after buying an additional 2,400 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in Juniper Networks by 3.1% during the second quarter. Riverhead Capital Management LLC now owns 261,216 shares of the network equipment provider’s stock worth $7,283,000 after purchasing an additional 7,854 shares during the period. Institutional investors and hedge funds own 90.96% of the company’s stock.
Several equities analysts have recently weighed in on JNPR shares. Zacks Investment Research cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BMO Capital Markets reiterated a “buy” rating and set a $34.00 price objective on shares of Juniper Networks in a report on Wednesday, August 23rd. Royal Bank Of Canada restated a “hold” rating and issued a $30.00 target price on shares of Juniper Networks in a research note on Wednesday, September 6th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Tuesday, September 12th. Finally, Jefferies Group restated a “hold” rating and issued a $30.25 target price on shares of Juniper Networks in a research note on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.42.
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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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