Wells Fargo & Company initiated coverage on shares of Juniper Networks, Inc. (NYSE:JNPR) in a research note released on Tuesday morning, Marketbeat Ratings reports. The firm issued a market perform rating and a $25.00 price target on the network equipment provider’s stock.
Several other equities analysts have also recently issued reports on JNPR. TheStreet raised shares of Juniper Networks from a c+ rating to a b rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Juniper Networks from a hold rating to a buy rating and set a $31.00 price objective on the stock in a research note on Friday, July 28th. Berenberg Bank reissued a buy rating and issued a $35.00 target price on shares of Juniper Networks in a research report on Thursday, July 27th. Drexel Hamilton reissued a buy rating and issued a $37.00 target price on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, BMO Capital Markets reissued a buy rating and issued a $34.00 target price on shares of Juniper Networks in a research report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Juniper Networks has a consensus rating of Hold and an average target price of $29.42.
Shares of Juniper Networks (NYSE JNPR) traded up $0.11 during trading hours on Tuesday, reaching $26.30. 4,505,621 shares of the company traded hands, compared to its average volume of 4,978,304. The company has a market cap of $9,870.00, a P/E ratio of 14.52, a PEG ratio of 2.10 and a beta of 1.05. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. sell-side analysts anticipate that Juniper Networks will post 1.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.95%.
In other news, CEO Rami Rahim sold 5,300 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $27.47, for a total value of $145,591.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,900,104.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the acquisition, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The disclosure for this purchase can be found here. Insiders sold a total of 48,200 shares of company stock worth $1,296,861 in the last three months. Insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Juniper Networks by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after purchasing an additional 2,314,683 shares during the last quarter. Dodge & Cox lifted its position in Juniper Networks by 0.4% during the 2nd quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after buying an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Juniper Networks by 12.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock worth $355,227,000 after buying an additional 1,386,036 shares in the last quarter. First Trust Advisors LP lifted its position in Juniper Networks by 1.3% during the 3rd quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock worth $200,817,000 after buying an additional 91,809 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Juniper Networks by 25.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock worth $188,804,000 after buying an additional 1,375,394 shares in the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.
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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