Juniper Networks, Inc. (NYSE:JNPR) VP Terrance F. Spidell sold 657 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $26.19, for a total value of $17,206.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Juniper Networks, Inc. (NYSE:JNPR) opened at $26.35 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.70 and a debt-to-equity ratio of 0.46. Juniper Networks, Inc. has a 1-year low of $23.87 and a 1-year high of $30.96. The firm has a market capitalization of $10,089.32, a PE ratio of 32.53, a price-to-earnings-growth ratio of 3.12 and a beta of 0.89.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $0.66 EPS. The business’s revenue was down 10.5% compared to the same quarter last year. sell-side analysts predict that Juniper Networks, Inc. will post 1.34 earnings per share for the current year.
Juniper Networks announced that its Board of Directors has authorized a share buyback program on Tuesday, January 30th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.18 per share. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Wednesday, February 28th. Juniper Networks’s dividend payout ratio (DPR) is presently 49.38%.
A number of research analysts have recently commented on JNPR shares. Citigroup dropped their price target on Juniper Networks from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Stifel Nicolaus started coverage on Juniper Networks in a research note on Thursday, December 14th. They issued a “hold” rating and a $28.00 price target for the company. Deutsche Bank reiterated a “sell” rating and issued a $20.00 price target on shares of Juniper Networks in a research note on Friday, January 5th. MKM Partners increased their price target on Juniper Networks to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. Juniper Networks presently has an average rating of “Hold” and an average price target of $28.61.
A number of institutional investors have recently modified their holdings of JNPR. Fuller & Thaler Asset Management Inc. acquired a new stake in Juniper Networks during the 3rd quarter worth about $111,000. Cerebellum GP LLC acquired a new stake in shares of Juniper Networks in the 4th quarter valued at about $128,000. Exane Derivatives grew its stake in shares of Juniper Networks by 278.1% in the 4th quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock valued at $161,000 after buying an additional 4,143 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in shares of Juniper Networks in the 4th quarter valued at about $163,000. Finally, Stevens First Principles Investment Advisors grew its stake in shares of Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after buying an additional 2,045 shares during the period. Hedge funds and other institutional investors own 89.67% 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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