Juniper Networks (JNPR) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Juniper Networks (NYSE:JNPR) from a hold rating to a buy rating in a research note published on Thursday.

JNPR has been the topic of several other reports. BidaskClub lowered shares of Juniper Networks from a hold rating to a sell rating in a research note on Tuesday, October 17th. UBS reduced their target price on shares of Juniper Networks from $28.00 to $26.00 and set a neutral rating for the company in a report on Wednesday, October 25th. William Blair reaffirmed a hold rating on shares of Juniper Networks in a report on Wednesday, October 25th. BMO Capital Markets reduced their target price on shares of Juniper Networks from $34.00 to $31.00 and set an outperform rating for the company in a report on Thursday, October 12th. Finally, Wells Fargo & Company began coverage on shares of Juniper Networks in a report on Tuesday, November 14th. They set a market perform rating and a $25.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $29.42.

Juniper Networks (NYSE JNPR) traded up $0.62 during trading on Thursday, hitting $28.38. 12,056,027 shares of the stock traded hands, compared to its average volume of 8,848,569. The firm has a market cap of $10,640.46, a price-to-earnings ratio of 15.59, a PEG ratio of 2.26 and a beta of 1.09. Juniper Networks has a one year low of $23.87 and a one year 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.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data 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 return on equity of 13.81% and a net margin of 12.77%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 earnings per share. sell-side analysts anticipate that Juniper Networks will post 1.7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 23.26%.

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

Institutional investors have recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of Juniper Networks by 9.1% during the 2nd 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 period. Regentatlantic Capital LLC lifted its holdings in shares of Juniper Networks by 144.0% during the 3rd 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 period. Profund Advisors LLC lifted its holdings in shares of Juniper Networks by 19.4% during the 2nd 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 period. Riverhead Capital Management LLC lifted its holdings in shares of Juniper Networks by 3.1% during the 2nd 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 period. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of Juniper Networks by 23.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock worth $31,600,000 after acquiring an additional 219,275 shares during the period. 90.96% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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