Equities research analysts at Wells Fargo & Company began coverage on shares of Juniper Networks, Inc. (NYSE:JNPR) in a research report issued to clients and investors on Tuesday. The brokerage set a “market perform” rating on the network equipment provider’s stock.
A number of other research analysts also recently commented on the company. Cowen and Company reiterated a “hold” rating and set a $28.00 target price on shares of Juniper Networks in a research report on Friday, October 27th. William Blair reiterated a “hold” rating on shares of Juniper Networks in a research report on Wednesday, October 25th. Citigroup Inc. lowered their target price 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. Barclays PLC lowered their target price on Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. Finally, Bank of America Corporation lowered their target price on Juniper Networks from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.61.
Juniper Networks (NYSE JNPR) traded up $0.36 during midday trading on Tuesday, hitting $25.36. The stock had a trading volume of 6,157,100 shares, compared to its average volume of 4,924,260. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41. The company has a market cap of $9,373.21, a P/E ratio of 13.74, a P/E/G ratio of 1.99 and a beta of 1.05. Juniper Networks has a 52-week low of $23.87 and a 52-week high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. equities analysts expect that Juniper Networks will post 1.7 EPS for the current fiscal year.
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In other Juniper Networks news, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $27.47, for a total value of $145,591.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,900,104.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Rahul N. Merchant purchased 2,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $24.48 per share, with a total value of $48,960.00. Following the acquisition, the director now owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. In the last three months, insiders sold 26,700 shares of company stock valued at $732,107. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Juniper Networks by 6.4% in the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after acquiring an additional 2,314,683 shares in the last quarter. Dodge & Cox lifted its holdings in shares of Juniper Networks by 0.4% during the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after purchasing an additional 74,877 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Juniper Networks by 12.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock worth $355,227,000 after purchasing an additional 1,386,036 shares during the period. First Trust Advisors LP lifted its holdings in shares of Juniper Networks by 1.3% during the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock worth $200,817,000 after purchasing an additional 91,809 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Juniper Networks by 25.4% during the third quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock worth $188,804,000 after purchasing an additional 1,375,394 shares during the period. 93.32% of the stock is owned by institutional investors and hedge funds.
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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