Juniper Networks, Inc. (NYSE:JNPR) had its price target decreased by investment analysts at Citigroup Inc. from $28.00 to $25.00 in a research report issued to clients and investors on Wednesday, October 25th. The brokerage presently has a “neutral” rating on the network equipment provider’s stock.
Several other equities analysts have also issued reports on JNPR. TheStreet lowered shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Drexel Hamilton reiterated a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Instinet lowered shares of Juniper Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. BidaskClub lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $29.61.
Shares of Juniper Networks (NYSE:JNPR) traded down $0.35 on Wednesday, reaching $25.00. 7,274,300 shares of the company’s stock traded hands, compared to its average volume of 6,581,110. The company has a quick ratio of 2.48, a current ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks has a twelve month low of $23.87 and a twelve month high of $30.96. The stock has a market capitalization of $9,373.20, a price-to-earnings ratio of 13.74, a PEG ratio of 1.99 and a beta of 1.05.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $0.58 earnings per share. The business’s quarterly revenue was down 2.1% on a year-over-year basis. analysts anticipate that Juniper Networks will post 1.7 earnings per share for the current fiscal year.
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In related news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $27.34, for a total value of $147,636.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,839,055.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 26,700 shares of company stock valued at $732,107 in the last ninety days. 2.60% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Juniper Networks by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after purchasing an additional 2,314,683 shares in the last quarter. Dodge & Cox lifted its stake in Juniper Networks by 0.4% in the 2nd quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after purchasing an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Juniper Networks by 12.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock worth $355,227,000 after purchasing an additional 1,386,036 shares in the last quarter. First Trust Advisors LP lifted its stake in Juniper Networks by 1.3% in the 3rd quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock worth $200,817,000 after purchasing an additional 91,809 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Juniper Networks by 25.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock worth $188,804,000 after purchasing an additional 1,375,394 shares in the last quarter. Institutional investors and hedge funds own 90.96% 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.
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