Juniper Networks (NYSE:JNPR) Rating Reiterated by Deutsche Bank

Deutsche Bank reiterated their sell rating on shares of Juniper Networks (NYSE:JNPR) in a research report sent to investors on Friday, January 5th. Deutsche Bank currently has a $20.00 price objective on the network equipment provider’s stock.

A number of other analysts have also weighed in on the stock. Cowen reissued a hold rating and issued a $28.00 price target on shares of Juniper Networks in a report on Friday, October 27th. Wells Fargo & Co began coverage on shares of Juniper Networks in a report on Tuesday, November 14th. They issued a market perform rating and a $25.00 price target for the company. Instinet lowered shares of Juniper Networks from a buy rating to a neutral rating in a report on Thursday, October 12th. ValuEngine raised shares of Juniper Networks from a hold rating to a buy rating in a report on Thursday, November 30th. 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 investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $28.96.

Shares of Juniper Networks (JNPR) traded up $0.13 on Friday, reaching $28.89. 3,057,700 shares of the company’s stock were exchanged, compared to its average volume of 3,125,811. The company has a market capitalization of $10,990.00, a PE ratio of 17.30, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. Juniper Networks has a 1 year low of $23.87 and a 1 year high of $30.96.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. analysts expect that Juniper Networks will post 1.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.38%. Juniper Networks’s dividend payout ratio is currently 23.95%.

In other Juniper Networks news, CEO Rami Rahim sold 16,100 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $26.24, for a total transaction of $422,464.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,322,487.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rahul N. Merchant purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the transaction, the director now directly owns 22,543 shares in the company, valued at $551,852.64. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in shares of Juniper Networks by 0.3% during the 2nd quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock worth $232,000 after purchasing an additional 24 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Juniper Networks by 1.9% during the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock worth $208,000 after purchasing an additional 139 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Juniper Networks by 0.5% during the 2nd quarter. Empirical Finance LLC now owns 42,528 shares of the network equipment provider’s stock worth $1,186,000 after purchasing an additional 226 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its stake in shares of Juniper Networks by 0.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 104,507 shares of the network equipment provider’s stock worth $2,914,000 after purchasing an additional 295 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

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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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