Several other research firms also recently commented on JNPR. Instinet reiterated a buy rating and set a $33.00 price objective on shares of Juniper Networks in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Juniper Networks from $31.00 to $36.00 and gave the stock a conviction-buy rating in a research note on Monday, March 27th. Berenberg Bank began coverage on shares of Juniper Networks in a research report on Tuesday, April 4th. They set a buy rating and a $35.00 target price for the company. Cowen and Company restated a market perform rating and set a $30.00 target price on shares of Juniper Networks in a research report on Saturday, March 11th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $30.00 price objective (up previously from $27.00) on shares of Juniper Networks in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks has a consensus rating of Hold and an average price target of $30.89.
Shares of Juniper Networks (NYSE:JNPR) traded down 0.14% during trading on Thursday, reaching $27.77. The company’s stock had a trading volume of 4,950,228 shares. The stock has a market cap of $10.56 billion, a P/E ratio of 16.62 and a beta of 1.08. Juniper Networks has a 12-month low of $22.12 and a 12-month high of $30.96. The stock’s 50-day moving average is $28.66 and its 200-day moving average is $28.52.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Juniper Networks will post $2.24 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
In other Juniper Networks news, CEO Rami Rahim sold 10,700 shares of Juniper Networks stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $30.64, for a total transaction of $327,848.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $14,388,758.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Pradeep Sindhu sold 76,900 shares of Juniper Networks stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $30.55, for a total transaction of $2,349,295.00. Following the transaction, the director now directly owns 40,773 shares in the company, valued at $1,245,615.15. The disclosure for this sale can be found here. Insiders have sold a total of 180,131 shares of company stock valued at $5,488,212 over the last 90 days. 3.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Juniper Networks by 173.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,517 shares of the network equipment provider’s stock valued at $127,000 after buying an additional 2,868 shares during the last quarter. Acrospire Investment Management LLC raised its position in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock valued at $130,000 after buying an additional 4,189 shares in the last quarter. Creative Planning raised its position in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares in the last quarter. Menta Capital LLC bought a new stake in Juniper Networks during the first quarter valued at $205,000. Finally, River Wealth Advisors LLC bought a new stake in Juniper Networks during the second quarter valued at $206,000. Institutional investors and hedge funds own 89.61% of the company’s stock.
Juniper Networks Company Profile
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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