Juniper Networks (JNPR) Earns “Sell” Rating from Deutsche Bank

Deutsche Bank restated their sell rating on shares of Juniper Networks (NYSE:JNPR) in a research note issued to investors on Friday morning. The firm currently has a $20.00 price objective on the network equipment provider’s stock.

Other analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Juniper Networks from a hold rating to a buy rating in a research note on Thursday, November 30th. Raymond James Financial set a $31.00 target price on shares of Juniper Networks and gave the stock a buy rating in a research note on Thursday, December 7th. Barclays lowered their target price on shares of Juniper Networks from $32.00 to $28.00 and set an equal weight rating on the stock in a research note on Wednesday, October 25th. Robert W. Baird restated a hold rating and set a $28.00 price objective on shares of Juniper Networks in a research report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Juniper Networks from a sell rating to a hold rating in a research report on Thursday, October 5th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $29.04.

Shares of Juniper Networks (NYSE JNPR) opened at $28.78 on Friday. Juniper Networks has a 52 week low of $23.87 and a 52 week high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41. The stock has a market cap of $10,950.00, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. equities analysts anticipate that Juniper Networks will post 1.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.95%.

In related news, Director Rahul N. Merchant bought 2,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $24.48 per share, with a total value of $48,960.00. Following the purchase, the director now owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $26.24, for a total transaction of $422,464.00. Following the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,322,487.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of Juniper Networks by 0.3% during the 2nd quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 24 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Juniper Networks by 1.9% during the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock valued at $208,000 after purchasing an additional 139 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after purchasing an additional 201 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Juniper Networks by 0.5% during the 2nd quarter. Empirical Finance LLC now owns 42,528 shares of the network equipment provider’s stock valued at $1,186,000 after purchasing an additional 226 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of Juniper Networks by 0.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 104,507 shares of the network equipment provider’s stock valued at $2,914,000 after purchasing an additional 295 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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