Stock analysts at Stifel Nicolaus assumed coverage on shares of Juniper Networks (NYSE:JNPR) in a research note issued on Thursday. The brokerage set a “hold” rating and a $28.00 price target on the network equipment provider’s stock. Stifel Nicolaus’ target price points to a potential downside of 1.41% from the stock’s current price.
Several other research analysts have also weighed in on the stock. Cowen reiterated a “hold” rating and issued a $28.00 price objective on shares of Juniper Networks in a research note on Friday, October 27th. Wells Fargo & Company initiated coverage on shares of Juniper Networks in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $25.00 price objective on the stock. Instinet lowered shares of Juniper Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Bank of America dropped their price objective on shares of Juniper Networks from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Juniper Networks has a consensus rating of “Hold” and a consensus price target of $29.04.
Shares of Juniper Networks (NYSE:JNPR) opened at $28.40 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market cap of $10,914.16, a P/E ratio of 15.99, a P/E/G ratio of 2.71 and a beta of 1.10. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS. research analysts forecast that Juniper Networks will post 1.7 earnings per share for the current year.
In related news, CEO Rami Rahim sold 5,400 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,374,144.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rahul N. Merchant bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average price of $24.48 per share, with a total value of $48,960.00. Following the transaction, the director now directly owns 22,543 shares in the company, valued at $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. acquired a new stake in Juniper Networks in the 3rd quarter valued at about $111,000. Acrospire Investment Management LLC increased its position in Juniper Networks by 4.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after acquiring an additional 201 shares in the last quarter. Stevens First Principles Investment Advisors increased its position 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 acquiring an additional 2,045 shares in the last quarter. Petrus Trust Company LTA acquired a new stake in Juniper Networks in the 2nd quarter valued at about $204,000. Finally, Synovus Financial Corp increased its position in Juniper Networks by 1.9% in the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock valued at $208,000 after acquiring an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.
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.
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