Juniper Networks (NYSE:JNPR)‘s stock had its “neutral” rating reaffirmed by research analysts at Piper Jaffray Companies in a note issued to investors on Wednesday. They presently have a $27.00 price target on the network equipment provider’s stock. Piper Jaffray Companies’ target price indicates a potential downside of 5.69% from the stock’s current price.
A number of other research firms have also recently issued reports on JNPR. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Robert W. Baird reiterated a “hold” rating and set a $26.00 target price on shares of Juniper Networks in a report on Thursday, November 30th. Stifel Nicolaus assumed coverage on Juniper Networks in a report on Thursday, December 14th. They set a “hold” rating and a $28.00 target price for the company. Deutsche Bank restated a “sell” rating and set a $20.00 price objective on shares of Juniper Networks in a research note on Friday, January 5th. Finally, BidaskClub upgraded shares of Juniper Networks from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Juniper Networks currently has a consensus rating of “Hold” and a consensus price target of $28.96.
Juniper Networks (JNPR) traded down $0.15 on Wednesday, hitting $28.63. 2,696,400 shares of the company were exchanged, compared to its average volume of 3,212,450. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70. Juniper Networks has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a market cap of $10,890.00, a PE ratio of 17.14, a P/E/G ratio of 2.63 and a beta of 1.10.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 13.81% and a net margin of 12.77%. Juniper Networks’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS. research analysts predict that Juniper Networks will post 1.7 earnings per share for the current year.
In other Juniper Networks news, CEO Rami Rahim sold 16,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total value of $422,464.00. Following the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,322,487.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rahul N. Merchant bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the transaction, the director now directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. acquired a new stake in Juniper Networks in the third quarter valued at approximately $111,000. Acrospire Investment Management LLC lifted its holdings in shares of Juniper Networks by 4.3% during the second 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 period. Stevens First Principles Investment Advisors lifted its holdings in shares of Juniper Networks by 40.9% during the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after purchasing an additional 2,045 shares during the period. Petrus Trust Company LTA acquired a new position in shares of Juniper Networks during the second quarter worth $204,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Juniper Networks during the third quarter worth $217,000. Hedge funds and other institutional investors own 90.63% 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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