Deutsche Bank reiterated their sell rating on shares of Juniper Networks (NYSE:JNPR) in a research report released on Friday, January 5th. They currently have a $20.00 target price on the network equipment provider’s stock.
Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus assumed coverage on Juniper Networks in a research note on Thursday, December 14th. They set a hold rating and a $28.00 target price on the stock. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the company a buy rating in a research note on Thursday, December 7th. Robert W. Baird reissued a hold rating and set a $26.00 target price on shares of Juniper Networks in a research note on Thursday, November 30th. ValuEngine raised Juniper Networks from a hold rating to a buy rating in a research note on Thursday, November 30th. Finally, Wells Fargo & Co assumed coverage on Juniper Networks in a research note on Tuesday, November 14th. They issued a market perform rating and a $25.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $28.96.
Shares of Juniper Networks (NYSE JNPR) traded up $0.13 during mid-day trading on Friday, reaching $28.89. The company’s stock had a trading volume of 3,060,000 shares, compared to its average volume of 5,840,000. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The company has a market capitalization of $10,990.00, a P/E ratio of 17.30, a P/E/G ratio of 2.65 and a beta of 1.10.
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 the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm posted $0.58 earnings per share. Juniper Networks’s quarterly revenue was down 2.1% on a year-over-year basis. equities analysts forecast that Juniper Networks will post 1.7 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.95%.
In other news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rahul N. Merchant purchased 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the acquisition, the director now owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
Several large investors have recently made changes to their positions in JNPR. Numeric Investors LLC lifted its holdings in shares of Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock valued at $130,289,000 after purchasing an additional 4,557,800 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after purchasing an additional 3,604,200 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after purchasing an additional 2,314,683 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of Juniper Networks during the second quarter valued at $43,858,000. Finally, FMR LLC lifted its holdings in shares of Juniper Networks by 58.8% during the second quarter. FMR LLC now owns 4,044,789 shares of the network equipment provider’s stock valued at $112,770,000 after purchasing an additional 1,498,410 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.
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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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