Juniper Networks, Inc. (JNPR) Given New $29.00 Price Target at BMO Capital Markets

Juniper Networks, Inc. (NYSE:JNPR) had its price objective lowered by BMO Capital Markets from $31.00 to $29.00 in a research report report published on Wednesday morning. The brokerage currently has an outperform rating on the network equipment provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. TheStreet cut Juniper Networks from a b rating to a c+ rating in a report on Thursday, June 29th. Drexel Hamilton reissued a buy rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. Instinet cut Juniper Networks from a buy rating to a neutral rating in a report on Thursday, October 12th. BidaskClub cut Juniper Networks from a hold rating to a sell rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut Juniper Networks from a hold rating to a sell rating in a report on Monday, October 16th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $29.54.

Juniper Networks (NYSE JNPR) opened at 25.20 on Wednesday. Juniper Networks has a 52 week low of $23.87 and a 52 week high of $30.96. The stock’s 50 day moving average price is $27.06 and its 200-day moving average price is $28.29. The stock has a market capitalization of $9.58 billion, a P/E ratio of 15.08 and a beta of 1.09.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. Equities research analysts expect that Juniper Networks will post $2.10 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 23.26%.

In other news, CEO Rami Rahim sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,881,320.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,013 shares of company stock worth $823,844. 2.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Juniper Networks by 34.9% during the 3rd quarter. Victory Capital Management Inc. now owns 72,036 shares of the network equipment provider’s stock valued at $2,005,000 after acquiring an additional 18,627 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Juniper Networks in the 3rd quarter valued at $217,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Juniper Networks in the 3rd quarter valued at $858,000. Calamos Advisors LLC lifted its stake in shares of Juniper Networks by 3.6% in the 3rd quarter. Calamos Advisors LLC now owns 100,873 shares of the network equipment provider’s stock valued at $2,807,000 after purchasing an additional 3,481 shares during the last quarter. Finally, Regentatlantic Capital LLC lifted its stake in shares of Juniper Networks by 144.0% in the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after purchasing an additional 16,280 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

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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