Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded Juniper Networks from a c+ rating to a b rating in a research note on Monday, July 24th. ValuEngine upgraded Juniper Networks from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Juniper Networks from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Friday, July 28th. Berenberg Bank restated a buy rating and issued a $35.00 price target on shares of Juniper Networks in a research note on Thursday, July 27th. Finally, Drexel Hamilton restated a buy rating and issued a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $30.94.
Juniper Networks (NYSE:JNPR) opened at 27.53 on Tuesday. The company’s 50-day moving average is $27.76 and its 200-day moving average is $28.52. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 16.48 and a beta of 1.08. Juniper Networks has a 12 month low of $22.40 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Juniper Networks will post $2.24 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.
In other news, CEO Rami Rahim sold 16,000 shares of Juniper Networks stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total transaction of $438,880.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The disclosure for this sale can be found here. Insiders sold 35,044 shares of company stock worth $974,774 over the last ninety days. 3.40% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in JNPR. Nationwide Fund Advisors boosted its stake in shares of Juniper Networks by 3.5% during the first quarter. Nationwide Fund Advisors now owns 159,834 shares of the network equipment provider’s stock valued at $4,448,000 after purchasing an additional 5,477 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Juniper Networks during the first quarter valued at about $266,000. Pictet Asset Management Ltd. boosted its stake in shares of Juniper Networks by 17.0% during the first quarter. Pictet Asset Management Ltd. now owns 223,522 shares of the network equipment provider’s stock valued at $6,221,000 after purchasing an additional 32,400 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Juniper Networks by 11.7% during the first quarter. LS Investment Advisors LLC now owns 14,234 shares of the network equipment provider’s stock valued at $396,000 after purchasing an additional 1,490 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Juniper Networks by 9.4% during the first quarter. UBS Asset Management Americas Inc. now owns 1,740,716 shares of the network equipment provider’s stock valued at $48,444,000 after purchasing an additional 149,088 shares in the last quarter. 90.16% of the stock is currently owned by hedge funds and other institutional investors.
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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