Research analysts at Goldman Sachs Group initiated coverage on shares of Juniper Networks (NYSE:JNPR) in a research report issued on Wednesday, February 7th, Marketbeat reports. The firm set a “neutral” rating and a $26.00 price target on the network equipment provider’s stock. Goldman Sachs Group’s price target suggests a potential downside of 0.65% from the company’s previous close.
A number of other equities research analysts also recently commented on JNPR. Bank of America downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $31.00 in a research report on Wednesday, October 11th. Instinet downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. UBS Group reduced their price target on shares of Juniper Networks from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. BMO Capital Markets reduced their price target on shares of Juniper Networks from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, October 12th. Finally, 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 research report on Thursday, October 12th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.61.
Shares of Juniper Networks (NYSE:JNPR) traded down $0.02 on Wednesday, hitting $26.17. 2,888,128 shares of the stock traded hands, compared to its average volume of 4,220,197. Juniper Networks has a twelve month low of $23.87 and a twelve month high of $30.96. The firm has a market capitalization of $9,673.15, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. sell-side analysts forecast that Juniper Networks will post 1.34 earnings per share for the current fiscal year.
Juniper Networks declared that its Board of Directors has approved a share repurchase program on Tuesday, January 30th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Juniper Networks news, CEO Rami Rahim sold 16,100 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total value of $422,464.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,322,487.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantitative Investment Management LLC bought a new stake in shares of Juniper Networks in the 4th quarter worth about $6,822,000. Profund Advisors LLC increased its position in shares of Juniper Networks by 12.3% in the 4th quarter. Profund Advisors LLC now owns 139,836 shares of the network equipment provider’s stock worth $3,985,000 after purchasing an additional 15,277 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Juniper Networks by 31.9% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 77,645 shares of the network equipment provider’s stock worth $2,213,000 after purchasing an additional 18,800 shares during the last quarter. ETRADE Capital Management LLC increased its position in shares of Juniper Networks by 12.0% in the 4th quarter. ETRADE Capital Management LLC now owns 40,920 shares of the network equipment provider’s stock worth $1,166,000 after purchasing an additional 4,375 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Juniper Networks in the 4th quarter worth about $506,000. 89.67% of the stock is owned by institutional investors.
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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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