Juniper Networks, Inc. (JNPR) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Juniper Networks, Inc. (NYSE:JNPR) from a sell rating to a hold rating in a research note released on Thursday morning.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Juniper Networks from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a research report on Wednesday, August 16th. Drexel Hamilton restated a buy rating and set a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. UBS AG restated a neutral rating and set a $30.00 price objective (up from $28.00) on shares of Juniper Networks in a research report on Wednesday, July 26th. Royal Bank Of Canada restated a hold rating and set a $30.00 price objective on shares of Juniper Networks in a research report on Wednesday, September 6th. Finally, Berenberg Bank restated a buy rating and set a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $30.91.

Shares of Juniper Networks (NYSE:JNPR) traded down 0.07% during trading on Thursday, reaching $28.43. The company had a trading volume of 5,952,123 shares. Juniper Networks has a 12 month low of $22.41 and a 12 month high of $30.96. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 17.01 and a beta of 1.09. The firm has a 50 day moving average price of $27.67 and a 200 day moving average price of $28.49.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. Analysts predict that Juniper Networks will post $2.24 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Juniper Networks’s payout ratio is presently 23.39%.

In other news, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total transaction of $147,636.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,839,055.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,044 shares of company stock worth $974,774. 3.40% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of JNPR. Creative Planning lifted its holdings in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares during the period. D.A. Davidson & CO. lifted its holdings in Juniper Networks by 0.3% in the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after buying an additional 24 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after buying an additional 60 shares during the period. Cadence Capital Management LLC lifted its holdings in Juniper Networks by 0.5% in the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment providerR

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Juniper Networks from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a research report on Wednesday, August 16th. Drexel Hamilton restated a buy rating and set a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. UBS AG restated a neutral rating and set a $30.00 price objective (up from $28.00) on shares of Juniper Networks in a research report on Wednesday, July 26th. Royal Bank Of Canada restated a hold rating and set a $30.00 price objective on shares of Juniper Networks in a research report on Wednesday, September 6th. Finally, Berenberg Bank restated a buy rating and set a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $30.91.

Shares of Juniper Networks (NYSE:JNPR) traded down 0.07% during trading on Thursday, reaching $28.43. The company had a trading volume of 5,952,123 shares. Juniper Networks has a 12 month low of $22.41 and a 12 month high of $30.96. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 17.01 and a beta of 1.09. The firm has a 50 day moving average price of $27.67 and a 200 day moving average price of $28.49.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. Analysts predict that Juniper Networks will post $2.24 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/08/juniper-networks-inc-jnpr-raised-to-hold-at-bidaskclub.html.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Juniper Networks’s payout ratio is presently 23.39%.

In other news, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total transaction of $147,636.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,839,055.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,044 shares of company stock worth $974,774. 3.40% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of JNPR. Creative Planning lifted its holdings in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares during the period. D.A. Davidson & CO. lifted its holdings in Juniper Networks by 0.3% in the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after buying an additional 24 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after buying an additional 60 shares during the period. Cadence Capital Management LLC lifted its holdings in Juniper Networks by 0.5% in the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after buying an additional 63 shares during the period. Finally, Cleararc Capital Inc. lifted its holdings in Juniper Networks by 1.2% in the first quarter. Cleararc Capital Inc. now owns 9,343 shares of the network equipment provider’s stock valued at $260,000 after buying an additional 115 shares during the period. Institutional investors own 90.16% of the company’s stock.

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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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