Juniper Networks (JNPR) Hits New 1-Year High at $29.97

Juniper Networks, Inc. (NYSE:JNPR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.97 and last traded at $29.80, with a volume of 126101 shares changing hands. The stock had previously closed at $29.67.

Several equities analysts have weighed in on the company. Nomura increased their price objective on Juniper Networks from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, June 27th. TheStreet raised Juniper Networks from a “c+” rating to a “b-” rating in a report on Thursday, September 20th. Credit Suisse Group set a $21.00 price objective on Juniper Networks and gave the company a “sell” rating in a report on Wednesday, July 18th. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Rosenblatt Securities reissued a “sell” rating on shares of Juniper Networks in a report on Friday, June 15th. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.24.

The stock has a market capitalization of $10.26 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 4.33 and a beta of 0.87. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Thursday, July 26th. The network equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Juniper Networks had a return on equity of 10.83% and a net margin of 3.70%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. analysts forecast that Juniper Networks, Inc. will post 1.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 2.42%. Juniper Networks’s dividend payout ratio is currently 41.62%.

In related news, CEO Rami Rahim sold 5,300 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $26.40, for a total value of $139,920.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Stensrud sold 20,000 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $28.20, for a total value of $564,000.00. Following the completion of the sale, the director now owns 5,531 shares in the company, valued at approximately $155,974.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,300 shares of company stock worth $1,130,160. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Private Capital Group LLC raised its position in shares of Juniper Networks by 6,618.0% in the first quarter. Private Capital Group LLC now owns 4,098 shares of the network equipment provider’s stock worth $100,000 after buying an additional 4,037 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Juniper Networks in the second quarter worth $112,000. Whittier Trust Co. raised its position in shares of Juniper Networks by 794.3% in the second quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock worth $162,000 after buying an additional 5,862 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Juniper Networks in the second quarter worth $225,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Juniper Networks by 86.0% in the second quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment provider’s stock worth $260,000 after buying an additional 4,386 shares in the last quarter. Institutional investors own 92.55% of the company’s stock.

Juniper Networks Company Profile (NYSE:JNPR)

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.

Further Reading: Understanding Analyst Recommendations

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