Juniper Networks (JNPR) Coverage Initiated by Analysts at Goldman Sachs Group

Equities researchers at Goldman Sachs Group started coverage on shares of Juniper Networks (NYSE:JNPR) in a note issued to investors on Wednesday, MarketBeat reports. The firm set a “neutral” rating and a $26.00 price target on the network equipment provider’s stock. Goldman Sachs Group’s target price points to a potential upside of 5.43% from the company’s previous close.

A number of other research firms also recently commented on JNPR. Raymond James Financial set a $31.00 target price on shares of Juniper Networks and gave the stock a “buy” rating in a report on Thursday, December 7th. Nomura dropped their target price on shares of Juniper Networks from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Bank of America downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $31.00 in a report on Wednesday, October 11th. Finally, MKM Partners boosted their target price on shares of Juniper Networks to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.69.

Shares of Juniper Networks (NYSE JNPR) opened at $24.66 on Wednesday. The firm has a market cap of $9,519.43, a P/E ratio of 14.51, a PEG ratio of 2.95 and a beta of 0.89. 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 2.41 and a debt-to-equity ratio of 0.46.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. research analysts anticipate that Juniper Networks will post 1.34 earnings per share for the current year.

Juniper Networks announced that its board has initiated a share buyback plan on Tuesday, January 30th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,374,144.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC increased its stake in Juniper Networks by 3.6% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 41,745 shares of the network equipment provider’s stock valued at $1,164,000 after buying an additional 1,440 shares during the period. Hillsdale Investment Management Inc. increased its stake in Juniper Networks by 18.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 12,750 shares of the network equipment provider’s stock valued at $355,000 after buying an additional 2,000 shares during the period. Aperio Group LLC increased its stake in Juniper Networks by 1.0% in the 3rd quarter. Aperio Group LLC now owns 196,518 shares of the network equipment provider’s stock valued at $5,469,000 after buying an additional 2,028 shares during the period. Stevens First Principles Investment Advisors increased its stake in Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after buying an additional 2,045 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in Juniper Networks by 2.0% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 115,933 shares of the network equipment provider’s stock valued at $3,226,000 after buying an additional 2,225 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

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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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