Juniper Networks (NYSE:JNPR)‘s stock had its “hold” rating reaffirmed by Piper Jaffray Companies in a report released on Thursday.
Several other research analysts also recently commented on the company. Nomura upgraded Juniper Networks from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $34.00 in a report on Wednesday, September 19th. Credit Suisse Group set a $21.00 price objective on Juniper Networks and gave the stock a “sell” rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. restated a “sell” rating on shares of Juniper Networks in a report on Tuesday, September 18th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Finally, UBS Group assumed coverage on Juniper Networks in a report on Wednesday, September 26th. They set a “neutral” rating and a $31.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. Juniper Networks presently has a consensus rating of “Hold” and a consensus target price of $27.52.
Shares of NYSE JNPR traded up $0.54 during midday trading on Thursday, hitting $27.32. The company’s stock had a trading volume of 3,286,961 shares, compared to its average volume of 4,708,691. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.27 and a current ratio of 2.27. Juniper Networks has a 12-month low of $23.61 and a 12-month high of $30.23. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 4.36 and a beta of 0.85.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Thursday, July 26th. The network equipment provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Juniper Networks had a return on equity of 10.83% and a net margin of 3.70%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. Sell-side analysts predict that Juniper Networks will post 1.2 earnings per share for the current year.
In other Juniper Networks news, CEO Rami Rahim sold 16,000 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $26.64, for a total transaction of $426,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Stensrud sold 20,000 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total value of $564,000.00. Following the sale, the director now directly owns 5,531 shares in the company, valued at approximately $155,974.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,300 shares of company stock worth $1,130,160 in the last ninety days. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Capital Group LLC boosted its position in Juniper Networks by 6,618.0% during the 1st quarter. Private Capital Group LLC now owns 4,098 shares of the network equipment provider’s stock valued at $100,000 after acquiring an additional 4,037 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Juniper Networks during the 2nd quarter valued at $112,000. Whittier Trust Co. boosted its position in Juniper Networks by 794.3% during the 2nd quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock valued at $162,000 after acquiring an additional 5,862 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Juniper Networks in the 2nd quarter worth $225,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Juniper Networks by 86.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment provider’s stock worth $260,000 after purchasing an additional 4,386 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.
About Juniper Networks
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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