A number of other research firms also recently issued reports on JNPR. Zacks Investment Research raised Juniper Networks from a hold rating to a strong-buy rating and set a $32.00 target price for the company in a research report on Wednesday, August 16th. BidaskClub raised Juniper Networks from a sell rating to a hold rating in a research report on Thursday, October 5th. Drexel Hamilton reissued a buy rating and issued a $37.00 target price on shares of Juniper Networks in a research report on Thursday, July 20th. Berenberg Bank reissued a buy rating and issued a $35.00 target price on shares of Juniper Networks in a research report on Thursday, July 27th. Finally, Instinet reissued a buy rating and issued a $33.00 target price on shares of Juniper Networks in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $30.36.
Shares of Juniper Networks (NYSE:JNPR) traded down 5.17% on Wednesday, reaching $25.47. The company’s stock had a trading volume of 19,813,572 shares. Juniper Networks has a 52-week low of $22.41 and a 52-week high of $30.96. The firm’s 50 day moving average is $27.66 and its 200-day moving average is $28.48. The stock has a market cap of $9.69 billion, a P/E ratio of 15.24 and a beta of 1.09.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Juniper Networks will post $2.23 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.
In other news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $27.34, for a total value of $147,636.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,839,055.38. The disclosure for this sale can be found here. In the last three months, insiders sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JNPR. JPMorgan Chase & Co. lifted its stake in shares of Juniper Networks by 376.4% in the 1st quarter. JPMorgan Chase & Co. now owns 864,754 shares of the network equipment provider’s stock valued at $24,066,000 after acquiring an additional 683,217 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Juniper Networks by 27.7% in the 1st quarter. Victory Capital Management Inc. now owns 45,553 shares of the network equipment provider’s stock valued at $1,268,000 after acquiring an additional 9,873 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of Juniper Networks in the 1st quarter valued at about $239,000. OppenheimerFunds Inc. lifted its stake in shares of Juniper Networks by 11.0% in the 1st quarter. OppenheimerFunds Inc. now owns 22,288 shares of the network equipment provider’s stock valued at $620,000 after acquiring an additional 2,214 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Juniper Networks by 9.4% in the 1st quarter. Principal Financial Group Inc. now owns 643,165 shares of the network equipment provider’s stock valued at $17,899,000 after acquiring an additional 55,120 shares during the last quarter. 90.16% of the stock is owned by institutional investors.
Juniper Networks Company Profile
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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