Juniper Networks, Inc. (JNPR) Receives Consensus Rating of “Hold” from Analysts

Shares of Juniper Networks, Inc. (NYSE:JNPR) have been assigned an average recommendation of “Hold” from the thirty-three research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $28.73.

JNPR has been the topic of several recent research reports. BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Citigroup reduced their target price on Juniper Networks from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Nomura cut Juniper Networks from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $27.00 in a report on Thursday, October 12th. Zacks Investment Research cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Bank of America reduced their target price on Juniper Networks from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, October 18th.

In other Juniper Networks news, Director Rahul N. Merchant purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of $24.48 per share, with a total value of $48,960.00. Following the completion of the transaction, the director now directly owns 22,543 shares in the company, valued at approximately $551,852.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total value of $422,464.00. Following the completion of 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. Company insiders own 2.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in JNPR. Numeric Investors LLC raised its position in Juniper Networks by 3,949.6% in the 2nd quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock valued at $130,289,000 after buying an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC raised its position in Juniper Networks by 197.7% in the 2nd quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after buying an additional 3,604,200 shares during the last quarter. Vanguard Group Inc. raised its position in Juniper Networks by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after buying an additional 2,314,683 shares during the last quarter. FMR LLC raised its position in Juniper Networks by 58.8% in the 2nd quarter. FMR LLC now owns 4,044,789 shares of the network equipment provider’s stock valued at $112,770,000 after buying an additional 1,498,410 shares during the last quarter. Finally, ETF Managers Group LLC acquired a new stake in Juniper Networks in the 2nd quarter valued at approximately $40,631,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks (NYSE JNPR) traded up $0.27 during trading on Tuesday, reaching $28.78. The company had a trading volume of 4,717,400 shares, compared to its average volume of 3,315,660. The company has a market capitalization of $10,910.00, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10. Juniper Networks has a fifty-two week low of $23.87 and a fifty-two week high of $30.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during 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 13.81%. Juniper Networks’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. research analysts predict that Juniper Networks will post 1.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 23.95%.

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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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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