Juniper Networks, Inc. (NYSE:JNPR)’s share price gapped down prior to trading on Monday . The stock had previously closed at $27.04, but opened at $26.29. Juniper Networks shares last traded at $25.26, with a volume of 8165128 shares trading hands.
Several equities analysts have recently commented on JNPR shares. Raymond James Financial set a $31.00 target price on Juniper Networks and gave the company a “buy” rating in a research report on Thursday, December 7th. Nomura decreased their target price on Juniper Networks from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Goldman Sachs started coverage on Juniper Networks in a research report on Wednesday, February 7th. They issued a “neutral” rating and a $26.00 target price on the stock. MKM Partners upped their target price on Juniper Networks to $31.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.61.
The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $8,683.29, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 2.93 and a beta of 0.87.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping the 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 analysts’ expectations of $1.23 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. sell-side analysts anticipate that Juniper Networks, Inc. will post 1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 annualized dividend and a yield of 2.83%. Juniper Networks’s dividend payout ratio is presently 88.89%.
Juniper Networks announced that its board has authorized a stock repurchase 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 repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
In other news, CEO Rami Rahim sold 5,300 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $26.24, for a total value of $139,072.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Stensrud sold 10,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $26.17, for a total value of $261,700.00. Following the completion of the transaction, the director now owns 5,531 shares of the company’s stock, valued at $144,746.27. The disclosure for this sale can be found here. Insiders have sold 42,813 shares of company stock valued at $1,124,709 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Juniper Networks in the 3rd quarter valued at $111,000. Cerebellum GP LLC bought a new position in shares of Juniper Networks in the 4th quarter valued at $128,000. Exane Derivatives lifted 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 acquiring an additional 4,143 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of Juniper Networks in the 4th quarter valued at $163,000. Finally, Wetherby Asset Management Inc. bought a new position in shares of Juniper Networks in the 4th quarter valued at $209,000. Institutional investors own 95.45% 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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