Juniper Networks, Inc. (NYSE:JNPR) had its price objective lowered by Nomura from $27.00 to $26.00 in a research report report published on Wednesday morning. The brokerage currently has a neutral rating on the network equipment provider’s stock.
JNPR has been the topic of several other research reports. Zacks Investment Research raised shares of Juniper Networks from a hold rating to a buy rating and set a $31.00 price target on the stock in a research report on Friday, July 28th. BidaskClub raised shares of Juniper Networks from a sell rating to a hold rating in a research report on Thursday, October 5th. Raymond James Financial, Inc. raised shares of Juniper Networks from a market perform rating to an outperform rating and set a $34.00 price target on the stock in a research report on Friday, July 21st. Bank of America Corporation lowered their price target on shares of Juniper Networks from $31.00 to $30.00 and set a neutral rating on the stock in a research report on Wednesday, October 18th. Finally, OTR Global cut shares of Juniper Networks to a positive rating in a research report on Friday, October 13th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $29.54.
Shares of Juniper Networks (NYSE JNPR) traded up 1.37% during midday trading on Wednesday, hitting $25.20. 7,826,341 shares of the stock traded hands. The company’s 50 day moving average price is $27.06 and its 200-day moving average price is $28.29. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 15.08 and a beta of 1.09.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.80%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities research analysts expect that Juniper Networks will post $2.10 EPS for the current year.
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The business also recently disclosed 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 1.59%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is presently 23.26%.
In related news, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,013 shares of company stock valued at $823,844. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its holdings in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Juniper Networks by 0.3% in the second 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. Contravisory Investment Management Inc. boosted its holdings in Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after purchasing an additional 60 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in Juniper Networks by 0.5% in the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after purchasing an additional 63 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Juniper Networks by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock valued at $1,204,000 after purchasing an additional 121 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other 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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