Juniper Networks, Inc. (JNPR) Short Interest Update

Juniper Networks, Inc. (NYSE:JNPR) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 20,977,630 shares, a decrease of 14.8% from the October 13th total of 24,614,943 shares. Based on an average trading volume of 6,411,852 shares, the short-interest ratio is presently 3.3 days. Approximately 5.6% of the shares of the stock are short sold.

A number of brokerages have commented on JNPR. BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. UBS AG lowered their target price on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. William Blair reiterated a “hold” rating on shares of Juniper Networks in a report on Wednesday, October 25th. Zacks Investment Research cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets lowered their target price on Juniper Networks from $34.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.42.

In other news, Director Rahul N. Merchant purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the acquisition, the director now directly owns 22,543 shares in the company, valued at approximately $551,852.64. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $12,900,104.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,200 shares of company stock worth $1,296,861. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp increased its position in shares of Juniper Networks by 9.1% during the second quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock worth $3,480,000 after acquiring an additional 10,465 shares during the last quarter. Regentatlantic Capital LLC increased its position in shares of Juniper Networks by 144.0% during the third quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock worth $768,000 after acquiring an additional 16,280 shares during the last quarter. Profund Advisors LLC increased its position in shares of Juniper Networks by 19.4% during the second quarter. Profund Advisors LLC now owns 99,561 shares of the network equipment provider’s stock worth $2,776,000 after acquiring an additional 16,194 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Juniper Networks by 2.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock worth $2,858,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Juniper Networks by 3.1% during the second quarter. Riverhead Capital Management LLC now owns 261,216 shares of the network equipment provider’s stock worth $7,283,000 after acquiring an additional 7,854 shares during the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks (JNPR) opened at $26.30 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. Juniper Networks has a 52-week low of $23.87 and a 52-week high of $30.96. The company has a market capitalization of $9,860.61, a PE ratio of 14.45, a price-to-earnings-growth ratio of 2.09 and a beta of 1.05.

Juniper Networks (NYSE:JNPR) last announced 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). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. equities research analysts anticipate that Juniper Networks will post 1.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s payout ratio is 23.26%.

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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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