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

Shares of Juniper Networks, Inc. (NYSE:JNPR) have been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.62.

Several brokerages recently commented on JNPR. Raymond James set a $30.00 target price on Juniper Networks and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup lowered Juniper Networks from a “neutral” rating to a “sell” rating and cut their target price for the company from $28.00 to $24.00 in a research report on Monday, July 8th. Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and upped their target price for the company from $24.00 to $27.00 in a research report on Wednesday, June 12th. Finally, TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th.

Shares of JNPR stock traded down $0.19 on Wednesday, hitting $25.05. The company had a trading volume of 901,353 shares, compared to its average volume of 3,252,590. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 3.32 and a beta of 0.92. The company’s 50-day moving average price is $26.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.89 and a current ratio of 2.13. Juniper Networks has a twelve month low of $24.51 and a twelve month high of $30.80.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, analysts expect that Juniper Networks will post 1.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.03%. Juniper Networks’s payout ratio is 55.88%.

In other Juniper Networks news, Director William Stensrud sold 35,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $26.01, for a total value of $910,350.00. Following the transaction, the director now owns 5,531 shares in the company, valued at $143,861.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Rahul N. Merchant sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $27.06, for a total value of $67,650.00. Following the completion of the transaction, the director now owns 37,370 shares in the company, valued at approximately $1,011,232.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,500 shares of company stock worth $1,408,340. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Juniper Networks by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock worth $161,957,000 after acquiring an additional 444,273 shares during the last quarter. MML Investors Services LLC grew its position in shares of Juniper Networks by 11.8% during the fourth quarter. MML Investors Services LLC now owns 8,761 shares of the network equipment provider’s stock worth $236,000 after acquiring an additional 924 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Juniper Networks by 6.1% during the fourth quarter. Nordea Investment Management AB now owns 94,335 shares of the network equipment provider’s stock worth $2,539,000 after acquiring an additional 5,464 shares during the last quarter. Washington Trust Bank bought a new position in shares of Juniper Networks during the first quarter worth about $320,000. Finally, State of Alaska Department of Revenue grew its position in shares of Juniper Networks by 17.1% during the first quarter. State of Alaska Department of Revenue now owns 109,889 shares of the network equipment provider’s stock worth $2,907,000 after acquiring an additional 16,028 shares during the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

Juniper Networks Company Profile

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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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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