Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “buy” rating reaffirmed by equities research analysts at BMO Capital Markets in a report issued on Wednesday. They currently have a $34.00 price objective on the network equipment provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 24.41% from the company’s previous close.
JNPR has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, July 28th. Raymond James Financial, Inc. upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and issued a $30.00 price objective (up from $27.00) on shares of Juniper Networks in a research report on Wednesday, April 26th. Instinet restated a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 4th. Finally, TheStreet lowered shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.94.
Juniper Networks (NYSE JNPR) traded down 0.87% on Wednesday, reaching $27.33. 1,510,986 shares of the company traded hands. Juniper Networks has a 52-week low of $22.40 and a 52-week high of $30.96. The stock has a 50-day moving average price of $28.34 and a 200-day moving average price of $28.57. The firm has a market cap of $10.39 billion, a P/E ratio of 16.36 and a beta of 1.07.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $0.50 earnings per share. Juniper Networks’s revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Juniper Networks will post $2.24 earnings per share for the current fiscal year.
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In related news, EVP Vincent Molinaro sold 5,031 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 10,600 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $29.47, for a total transaction of $312,382.00. Following the completion of the transaction, the vice president now owns 10,600 shares in the company, valued at approximately $312,382. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,944 shares of company stock worth $555,049. 3.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in shares of Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares during the period. D.A. Davidson & CO. raised its position in shares of Juniper Networks by 0.3% in the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock worth $232,000 after buying an additional 24 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock worth $268,000 after buying an additional 60 shares during the period. Cadence Capital Management LLC raised its position in shares of Juniper Networks by 0.5% in the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock worth $360,000 after buying an additional 63 shares during the period. Finally, Tredje AP fonden raised its position in shares of Juniper Networks by 0.4% in the first quarter. Tredje AP fonden now owns 19,874 shares of the network equipment provider’s stock worth $553,000 after buying an additional 74 shares during the period. Institutional investors own 92.77% 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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