Juniper Networks, Inc. (NYSE:JNPR) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Monday, July 10th, MarketBeat Ratings reports. The firm currently has a $34.00 price target on the network equipment provider’s stock, up from their previous price target of $31.00. BMO Capital Markets’ target price indicates a potential upside of 20.18% from the company’s previous close.
Several other research analysts have also recently issued reports on JNPR. Goldman Sachs Group, Inc. (The) raised their target price on shares of Juniper Networks from $31.00 to $36.00 and gave the stock a “conviction-buy” rating in a report on Monday, March 27th. Berenberg Bank started coverage on shares of Juniper Networks in a report on Tuesday, April 4th. They set a “buy” rating and a $35.00 target price for the company. Instinet reissued a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a report on Thursday, April 6th. Royal Bank Of Canada reissued a “hold” rating and set a $27.00 target price on shares of Juniper Networks in a report on Tuesday, April 18th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Juniper Networks in a report on Saturday, April 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Juniper Networks presently has an average rating of “Hold” and an average target price of $30.89.
Shares of Juniper Networks (JNPR) traded up 0.53% during midday trading on Monday, hitting $28.29. 3,775,557 shares of the stock were exchanged. Juniper Networks has a 12 month low of $22.12 and a 12 month high of $30.96. The firm’s 50-day moving average is $28.62 and its 200-day moving average is $28.53. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 16.93 and a beta of 1.07.
Juniper Networks (NYSE:JNPR) last issued its 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.50 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts predict that Juniper Networks will post $2.24 earnings per share for the current year.
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In other Juniper Networks news, CEO Rami Rahim sold 10,700 shares of Juniper Networks stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of Juniper Networks stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. Insiders have sold 106,544 shares of company stock worth $3,232,192 over the last ninety days. 3.40% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of 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 worth $127,000 after buying an additional 2,868 shares during the period. Acrospire Investment Management LLC increased its position in shares of 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 worth $130,000 after buying an additional 4,189 shares during the period. Creative Planning increased 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. Menta Capital LLC purchased a new position in shares of Juniper Networks during the first quarter worth approximately $205,000. Finally, River Wealth Advisors LLC purchased a new position in shares of Juniper Networks during the second quarter worth approximately $206,000. 91.15% of the stock is currently owned by institutional investors.
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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