Juniper Networks (NYSE:JNPR) has been given a $31.00 price target by research analysts at Raymond James Financial in a research note issued on Thursday. The brokerage currently has a “buy” rating on the network equipment provider’s stock. Raymond James Financial’s target price suggests a potential upside of 9.23% from the stock’s previous close.
Several other equities research analysts have also issued reports on JNPR. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Wednesday, August 16th. BMO Capital Markets restated a “buy” rating and issued a $34.00 price target on shares of Juniper Networks in a research note on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Juniper Networks in a research report on Wednesday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Tuesday, September 12th. Finally, Jefferies Group reiterated a “hold” rating and issued a $30.25 price target on shares of Juniper Networks in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.25.
Shares of Juniper Networks (NYSE:JNPR) opened at $28.38 on Thursday. Juniper Networks has a one year low of $23.87 and a one year high of $30.96. The firm has a market capitalization of $10,810.00, a PE ratio of 15.36, a PEG ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.58 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. sell-side analysts expect that Juniper Networks will post 1.7 EPS for the current year.
In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rahul N. Merchant acquired 2,000 shares of Juniper Networks stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $24.48 per share, with a total value of $48,960.00. Following the completion of the purchase, the director now directly owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in JNPR. Numeric Investors LLC lifted its position in Juniper Networks by 3,949.6% in the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after purchasing an additional 4,557,800 shares during the period. Renaissance Technologies LLC lifted its holdings 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 valued at $151,307,000 after acquiring an additional 3,604,200 shares during the period. Prudential Financial Inc. lifted its holdings 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 valued at $94,076,000 after acquiring an additional 2,437,006 shares during the period. Vanguard Group Inc. lifted its holdings 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 valued at $1,071,564,000 after acquiring an additional 2,314,683 shares during the period. Finally, Capital Fund Management S.A. bought a new position in shares of Juniper Networks during the second quarter valued at $43,858,000. Institutional investors own 90.94% of the company’s stock.
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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.
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