Juniper Networks (NYSE:JNPR) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Juniper Networks (NYSE:JNPRFree Report) in a research note released on Thursday. The firm issued a hold rating on the network equipment provider’s stock.

Other research analysts have also recently issued reports about the company. Argus upgraded Juniper Networks from a hold rating to a buy rating and set a $40.00 price objective for the company in a research note on Tuesday, June 18th. Needham & Company LLC restated a hold rating on shares of Juniper Networks in a research note on Friday, April 26th. Finally, Barclays raised their price objective on Juniper Networks from $40.00 to $41.00 and gave the stock an equal weight rating in a research note on Friday, April 26th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $35.00.

Read Our Latest Stock Report on Juniper Networks

Juniper Networks Trading Up 0.7 %

Juniper Networks stock opened at $35.69 on Thursday. The stock has a 50-day moving average of $35.18 and a two-hundred day moving average of $35.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. Juniper Networks has a one year low of $24.87 and a one year high of $38.04. The stock has a market cap of $11.60 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 9.23 and a beta of 0.96.

Juniper Networks (NYSE:JNPRGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Juniper Networks had a net margin of 4.19% and a return on equity of 10.02%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.23 billion. On average, research analysts anticipate that Juniper Networks will post 1.08 EPS for the current fiscal year.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.47%. The ex-dividend date is Monday, June 3rd. Juniper Networks’s payout ratio is currently 127.54%.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now directly owns 1,003,429 shares of the company’s stock, valued at $37,187,078.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total value of $517,050.00. Following the sale, the chief financial officer now directly owns 69,435 shares of the company’s stock, valued at $2,393,424.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the completion of the sale, the chief executive officer now directly owns 1,003,429 shares in the company, valued at $37,187,078.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,330 shares of company stock valued at $1,708,320. Company insiders own 1.28% of the company’s stock.

Institutional Trading of Juniper Networks

Institutional investors have recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its position in Juniper Networks by 51.3% during the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after buying an additional 330 shares in the last quarter. Blue Trust Inc. lifted its position in Juniper Networks by 34.4% during the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after buying an additional 368 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in Juniper Networks by 3.0% during the fourth quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock worth $371,000 after buying an additional 370 shares in the last quarter. Wahed Invest LLC lifted its position in Juniper Networks by 8.2% during the third quarter. Wahed Invest LLC now owns 4,968 shares of the network equipment provider’s stock worth $138,000 after buying an additional 377 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its position in Juniper Networks by 0.5% in the first quarter. IFM Investors Pty Ltd now owns 73,686 shares of the network equipment provider’s stock valued at $2,731,000 after purchasing an additional 397 shares during the period. 91.95% of the stock is owned by institutional investors and hedge funds.

About Juniper Networks

(Get Free Report)

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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