Juniper Networks, Inc. (JNPR) PT Lowered to $26.00

Juniper Networks, Inc. (NYSE:JNPR) had its target price trimmed by Nomura from $27.00 to $26.00 in a research report report published on Wednesday, October 25th. The firm currently has a neutral rating on the network equipment provider’s stock.

A number of other research analysts also recently commented on the stock. UBS AG cut their target price on shares of Juniper Networks from $28.00 to $26.00 and set a neutral rating on the stock in a research report on Wednesday, October 25th. BMO Capital Markets lowered their price target on shares of Juniper Networks from $31.00 to $29.00 and set an outperform rating on the stock in a report on Wednesday, October 25th. Robert W. Baird restated a hold rating and issued a $26.00 price target (down from $28.00) on shares of Juniper Networks in a report on Wednesday, October 25th. Bank of America Corporation lowered their price target on shares of Juniper Networks from $31.00 to $30.00 and set a neutral rating on the stock in a report on Wednesday, October 18th. Finally, BidaskClub cut shares of Juniper Networks from a hold rating to a sell rating in a report on Tuesday, October 17th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Juniper Networks has an average rating of Hold and an average price target of $29.61.

Juniper Networks (NYSE:JNPR) opened at $25.00 on Wednesday. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.48 and a current ratio of 2.70. The company has a market cap of $9,373.20, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results 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). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 EPS. equities research analysts forecast that Juniper Networks will post 1.7 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. Juniper Networks’s payout ratio is currently 23.26%.

In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $27.47, for a total transaction of $145,591.00. Following the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,900,104.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 26,700 shares of company stock worth $732,107 over the last quarter. Insiders own 2.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in JNPR. Numeric Investors LLC increased its stake in shares of Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after buying an additional 4,557,800 shares during the period. Renaissance Technologies LLC increased its stake in shares of Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after buying an additional 3,604,200 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Juniper Networks by 40.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after buying an additional 3,248,819 shares during the period. Prudential Financial Inc. increased its stake in shares of Juniper Networks by 260.0% during the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock worth $94,076,000 after buying an additional 2,437,006 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after buying an additional 2,314,683 shares during the period. Hedge funds and other institutional investors 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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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