Juniper Networks, Inc. (JNPR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Juniper Networks, Inc. (NYSE:JNPR) have been assigned an average rating of “Hold” from the thirty-two analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $27.07.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Juniper Networks in a research note on Tuesday. Nomura raised Juniper Networks from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $34.00 in a research note on Wednesday. BMO Capital Markets downgraded Juniper Networks from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $30.00 to $27.00 in a research note on Friday, July 27th. Credit Suisse Group set a $21.00 price target on Juniper Networks and gave the stock a “sell” rating in a research note on Wednesday, July 25th. Finally, OTR Global raised Juniper Networks to a “neutral” rating in a research note on Wednesday, July 11th.

Shares of NYSE JNPR traded up $0.16 during trading on Friday, hitting $29.72. 93,886 shares of the company were exchanged, compared to its average volume of 4,168,491. The firm has a market capitalization of $10.07 billion, a P/E ratio of 17.18, a PEG ratio of 4.24 and a beta of 0.87. Juniper Networks has a 1 year low of $23.61 and a 1 year high of $29.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.27 and a current ratio of 2.27.

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

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

In related news, CEO Rami Rahim sold 5,300 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Stensrud sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total transaction of $564,000.00. Following the completion of the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at approximately $155,974.20. The disclosure for this sale can be found here. Insiders sold a total of 41,300 shares of company stock valued at $1,130,160 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in JNPR. American Century Companies Inc. raised its stake in Juniper Networks by 37.3% in the 1st quarter. American Century Companies Inc. now owns 146,838 shares of the network equipment provider’s stock valued at $3,573,000 after purchasing an additional 39,888 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in Juniper Networks by 4.1% in the 1st quarter. State of Wisconsin Investment Board now owns 483,245 shares of the network equipment provider’s stock valued at $11,757,000 after buying an additional 18,831 shares during the period. Teacher Retirement System of Texas grew its holdings in Juniper Networks by 82.7% in the 1st quarter. Teacher Retirement System of Texas now owns 265,952 shares of the network equipment provider’s stock valued at $6,471,000 after buying an additional 120,347 shares during the period. Alpine Woods Capital Investors LLC purchased a new stake in Juniper Networks in the 1st quarter valued at about $487,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Juniper Networks by 1,177.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 135,527 shares of the network equipment provider’s stock valued at $3,297,000 after buying an additional 124,914 shares during the period. 92.55% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Company Profile

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.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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