Juniper Networks (JNPR) Stock Rating Reaffirmed by BMO Capital Markets

Juniper Networks (NYSE:JNPR)‘s stock had its “buy” rating reiterated by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Sunday. They currently have a $29.00 target price on the network equipment provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 13.99% from the company’s current price.

JNPR has been the topic of several other research reports. BidaskClub lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS Group lowered their price target on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and set a $26.00 price target on shares of Juniper Networks in a report on Thursday, November 30th. William Blair reiterated a “hold” rating on shares of Juniper Networks in a report on Wednesday, October 25th. Finally, Loop Capital started coverage on Juniper Networks in a report on Monday, January 29th. They set a “hold” rating and a $30.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.69.

Juniper Networks (JNPR) traded up $0.78 during mid-day trading on Friday, reaching $25.44. 6,295,132 shares of the company’s stock were exchanged, compared to its average volume of 4,200,000. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $9,680.00, a price-to-earnings ratio of 31.41, a PEG ratio of 2.95 and a beta of 0.89. Juniper Networks has a 52 week low of $23.87 and a 52 week high of $30.96.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business 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 firm’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. analysts forecast that Juniper Networks will post 1.34 EPS for the current year.

Juniper Networks declared that its board has initiated a share buyback plan on Tuesday, January 30th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total value of $422,464.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Juniper Networks by 33.6% during the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock worth $2,694,000 after buying an additional 24,348 shares during the period. Regentatlantic Capital LLC grew its position 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 buying an additional 16,280 shares during the period. Prudential Financial Inc. grew its position in shares of Juniper Networks by 17.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock worth $110,364,000 after buying an additional 591,348 shares during the period. Candriam Luxembourg S.C.A. grew its position 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 buying an additional 219,275 shares during the period. Finally, Boston Advisors LLC grew its position in shares of Juniper Networks by 14.1% during the 3rd quarter. Boston Advisors LLC now owns 389,130 shares of the network equipment provider’s stock worth $10,829,000 after buying an additional 48,110 shares during the period. 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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