Juniper Networks (NYSE:JNPR)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued on Wednesday, January 31st. They presently have a $26.00 target price on the network equipment provider’s stock. Robert W. Baird’s target price would suggest a potential upside of 2.20% from the stock’s current price.
JNPR has been the topic of a number of other reports. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Citigroup lowered their price target on Juniper Networks from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Nomura lowered Juniper Networks from a “buy” rating to a “neutral” rating and lowered their price target for the company from $33.00 to $27.00 in a research report on Thursday, October 12th. Bank of America lowered their price target on Juniper Networks from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus started coverage on Juniper Networks in a research report on Thursday, December 14th. They issued a “hold” rating and a $28.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.69.
Shares of Juniper Networks (NYSE JNPR) traded up $0.78 on Wednesday, reaching $25.44. The company’s stock had a trading volume of 6,295,132 shares, compared to its average volume of 4,200,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.70 and a current ratio of 2.41. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The firm has a market capitalization of $9,680.00, a price-to-earnings ratio of 31.41, a PEG ratio of 2.95 and a beta of 0.89.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. Juniper Networks’s revenue for the quarter was down 10.5% on a year-over-year basis. equities research analysts expect that Juniper Networks will post 1.34 EPS for the current fiscal year.
Juniper Networks announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
In related news, CEO Rami Rahim sold 5,400 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. raised its holdings in shares of Juniper Networks by 0.3% in the 2nd quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after acquiring an additional 24 shares in the last quarter. Zacks Investment Management raised its holdings in shares of Juniper Networks by 6.1% in the 2nd quarter. Zacks Investment Management now owns 20,566 shares of the network equipment provider’s stock valued at $573,000 after acquiring an additional 1,176 shares in the last quarter. Piedmont Investment Advisors LLC raised its holdings in shares of Juniper Networks by 3.6% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 41,745 shares of the network equipment provider’s stock valued at $1,164,000 after acquiring an additional 1,440 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Juniper Networks by 18.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 12,750 shares of the network equipment provider’s stock valued at $355,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Juniper Networks by 1.0% in the 3rd quarter. Aperio Group LLC now owns 196,518 shares of the network equipment provider’s stock valued at $5,469,000 after acquiring an additional 2,028 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.
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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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