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.
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%.
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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