Shares of Juniper Networks, Inc. (NYSE:JNPR) have been given an average rating of “Hold” by the twenty-six brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.95.
Several analysts recently weighed in on JNPR shares. TheStreet upgraded shares of Juniper Networks from a “c+” rating to a “b-” rating in a report on Thursday, September 20th. Nomura raised Juniper Networks from a “neutral” rating to a “buy” rating and raised their price objective for the company from $28.00 to $34.00 in a research report on Wednesday, September 19th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, July 31st. Deutsche Bank raised Juniper Networks from a “hold” rating to a “buy” rating and raised their price objective for the company from $25.00 to $32.00 in a research report on Monday, July 30th. Finally, Oppenheimer reissued a “buy” rating on shares of Juniper Networks in a research report on Tuesday, August 7th.
In other news, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $26.40, for a total value of $139,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anand Athreya sold 113,039 shares of Juniper Networks stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $29.70, for a total value of $3,357,258.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,339 shares of company stock valued at $4,487,418. 1.40% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. LSV Asset Management raised its position in Juniper Networks by 47.6% in the 2nd quarter. LSV Asset Management now owns 11,027,697 shares of the network equipment provider’s stock worth $302,379,000 after buying an additional 3,556,354 shares during the last quarter. Bank of Montreal Can raised its position in Juniper Networks by 646.1% in the 2nd quarter. Bank of Montreal Can now owns 1,673,164 shares of the network equipment provider’s stock worth $45,879,000 after buying an additional 1,448,922 shares during the last quarter. Toronto Dominion Bank raised its position in Juniper Networks by 739.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,573,913 shares of the network equipment provider’s stock worth $43,147,000 after buying an additional 1,386,476 shares during the last quarter. Hexavest Inc. purchased a new position in Juniper Networks in the 3rd quarter worth about $36,861,000. Finally, USS Investment Management Ltd purchased a new position in Juniper Networks in the 2nd quarter worth about $30,664,000. 93.27% of the stock is owned by hedge funds and other institutional investors.
NYSE:JNPR traded up $0.03 during trading hours on Monday, hitting $29.80. The company had a trading volume of 119,147 shares, compared to its average volume of 4,846,117. The stock has a market cap of $10.26 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 4.23 and a beta of 0.88. Juniper Networks has a 52 week low of $23.61 and a 52 week high of $30.23. The company has a quick ratio of 2.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.38.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. On average, analysts expect that Juniper Networks will post 1.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, December 4th. Juniper Networks’s dividend payout ratio is presently 41.62%.
Juniper Networks Company Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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