Juniper Networks, Inc. (NYSE: JNPR – Get a rating) received an average recommendation of “Hold” from the seventeen research companies that currently cover the business, Marketbeat reports. Two equity research analysts gave the stock a sell rating, four gave the company a hold rating and nine gave the company a buy rating. The 12-month average price target among brokerages that have covered the stock over the past year is $35.80.
Several brokerages have commented on JNPR. Piper Sandler downgraded shares of Juniper Networks from a “neutral” rating to an “underweight” rating and lowered her price target for the stock from $34.00 to $27.00 in a research report Wednesday. JPMorgan Chase & Co. moved Juniper Networks shares from a “neutral” rating to an “overweight” rating and lowered its price target for the company from $37.00 to $36.00 in a report of search Thursday. Citigroup moved Juniper Networks shares from a “sell” rating to a “neutral” rating and raised its price target for the company from $25.00 to $36.00 in a Tuesday 12 research report. april. StockNews.com began covering Juniper Networks shares in a research report on Thursday, March 31. They issued a “buy” rating on the stock. Finally, Rosenblatt Securities began covering Juniper Networks shares in a research report on Tuesday, July 12. They issued a “neutral” rating and a price target of $33.00 on the stock.
Juniper Networks grows 1.7%
NYSE:JNPR shares opened at $28.52 on Friday. The stock has a market capitalization of $9.21 billion, a PE ratio of 27.69, a price-to-growth earnings ratio of 1.71 and a beta of 0.94. The company has a debt ratio of 0.39, a current ratio of 1.63 and a quick ratio of 1.46. Juniper Networks has a one-year low of $26.12 and a one-year high of $38.14. The company’s 50-day moving average price is $29.33 and its two-hundred-day moving average price is $32.64.
Juniper Networks (NYSE:JNPR- Get a rating) last reported quarterly earnings data on Tuesday, April 26. The networking equipment vendor reported EPS of $0.19 for the quarter, beating the consensus estimate of $0.17 by $0.02. The company posted revenue of $1.17 billion for the quarter, compared to analysts’ estimates of $1.16 billion. Juniper Networks achieved a net margin of 7.03% and a return on equity of 9.40%. The company’s revenue for the quarter increased 8.7% on an annual basis. In the same quarter a year earlier, the company posted earnings per share of $0.15. On average, stock analysts expect Juniper Networks to post EPS of 1.49 for the current fiscal year.
Juniper Networks Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 22. Shareholders of record on Wednesday, June 1 received a dividend of $0.21. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Tuesday, May 31. Juniper Networks payout ratio is 81.55%.
Insider Trading at Juniper Networks
In related news, CFO Kenneth Bradley Miller sold 6,000 shares in a trade on Monday, May 2. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the transaction, the CFO now owns 171,835 shares of the company, valued at approximately $5,471,226.40. The transaction was disclosed in a legal filing with the SEC, which is available via the SEC website. In related news, CFO Kenneth Bradley Miller sold 6,000 shares in a trade on Monday, May 2. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the transaction, the CFO now owns 171,835 shares of the company, valued at approximately $5,471,226.40. The transaction was disclosed in a legal filing with the SEC, which is available via the SEC website. Also, CEO Rami Rahim sold 5,555 shares in a trade on Wednesday, June 15. The shares were sold at an average price of $28.54, for a total transaction of $158,539.70. As a result of the transaction, the CEO now directly owns 857,485 shares of the company, valued at approximately $24,472,621.90. Disclosure of this sale can be found here. Insiders sold 36,494 shares of the company valued at $1,130,982 during the last quarter. Insiders own 1.30% of the shares of the company.
Institutional investors weigh in on Juniper Networks
Several institutional investors have recently increased or reduced their stake in JNPR. Redpoint Investment Management Pty Ltd acquired a new stake in Juniper Networks during Q4 valued at $248,000. Concord Wealth Partners acquired a new stake in Juniper Networks during Q4 valued at $47,000. Wealthfront Advisers LLC increased its position in Juniper Networks by 12.5% in the fourth quarter. Wealthfront Advisers LLC now owns 8,393 shares of the networking equipment provider valued at $300,000 after purchasing an additional 931 shares during the period. National Bank of Canada FI acquired a new stake in Juniper Networks during the 4th quarter for a value of $19,005,000. Finally, Convergence Investment Partners LLC acquired a new stake in Juniper Networks during the 4th quarter at a value of $1,083,000. Hedge funds and other institutional investors hold 92.78% of the company’s shares.
Juniper Networks Company Profile
Juniper Networks, Inc designs, develops and sells networking products and services worldwide. The company offers routing products, such as the ACX series universal access routers for deploying high-bandwidth services; MX series Ethernet routers that operate as a universal edge platform; PTX series packet transport routers; WAN SDN controllers; and session intelligent routers.
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