Juniper Networks, Inc. (JNPR) Price Target Cut to $30.00

Juniper Networks, Inc. (NYSE:JNPR) had its price objective lowered by stock analysts at Bank of America Corporation from $31.00 to $30.00 in a note issued to investors on Wednesday. The firm currently has a “neutral” rating on the network equipment provider’s stock. Bank of America Corporation’s price target indicates a potential upside of 15.03% from the company’s previous close.

JNPR has been the subject of a number of other research reports. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, July 28th. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Friday, July 21st. Nomura cut Juniper Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $33.00 to $27.00 in a research report on Thursday, October 12th. Finally, OTR Global cut Juniper Networks to a “positive” rating in a research report on Friday, October 13th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.35.

Shares of Juniper Networks (NYSE JNPR) traded down 0.11% on Wednesday, hitting $26.08. The stock had a trading volume of 3,580,363 shares. The company has a market cap of $9.92 billion, a P/E ratio of 15.61 and a beta of 1.09. Juniper Networks has a 12 month low of $22.41 and a 12 month high of $30.96. The company’s 50 day moving average price is $27.56 and its 200-day moving average price is $28.45.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Juniper Networks will post $2.17 earnings per share for the current year.

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In other news, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,044 shares of company stock valued at $974,774. 2.60% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Creative Planning grew its position in shares of 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 purchasing an additional 21 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of 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 purchasing an additional 24 shares in the last quarter. Contravisory Investment Management Inc. grew its position in shares of 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 purchasing an additional 60 shares in the last quarter. Cadence Capital Management LLC grew its position in shares of Juniper Networks by 0.5% in the second quarter. Cadence Capital Management LLC now owns 12,930

JNPR has been the subject of a number of other research reports. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Friday, July 28th. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Friday, July 21st. Nomura cut Juniper Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $33.00 to $27.00 in a research report on Thursday, October 12th. Finally, OTR Global cut Juniper Networks to a “positive” rating in a research report on Friday, October 13th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.35.

Shares of Juniper Networks (NYSE JNPR) traded down 0.11% on Wednesday, hitting $26.08. The stock had a trading volume of 3,580,363 shares. The company has a market cap of $9.92 billion, a P/E ratio of 15.61 and a beta of 1.09. Juniper Networks has a 12 month low of $22.41 and a 12 month high of $30.96. The company’s 50 day moving average price is $27.56 and its 200-day moving average price is $28.45.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Juniper Networks will post $2.17 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/bank-of-america-corporation-reiterates-hold-rating-for-juniper-networks-inc-jnpr.html.

In other news, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,044 shares of company stock valued at $974,774. 2.60% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Creative Planning grew its position in shares of 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 purchasing an additional 21 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of 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 purchasing an additional 24 shares in the last quarter. Contravisory Investment Management Inc. grew its position in shares of 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 purchasing an additional 60 shares in the last quarter. Cadence Capital Management LLC grew its position in shares of 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 purchasing an additional 63 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Juniper Networks by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock valued at $1,204,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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