Juniper Networks (NYSE:JNPR) Upgraded to “Buy” by ValuEngine

Juniper Networks (NYSE:JNPR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, ValuEngine reports.

A number of other brokerages have also issued reports on JNPR. Oppenheimer set a $29.00 price target on shares of Juniper Networks and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays initiated coverage on shares of Juniper Networks in a research note on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 price target on the stock. Raymond James set a $29.00 price target on shares of Juniper Networks and gave the stock a “buy” rating in a research note on Friday, September 6th. Goldman Sachs Group set a $21.00 price target on shares of Juniper Networks and gave the stock a “sell” rating in a research note on Friday, October 25th. Finally, Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.13.

Shares of NYSE:JNPR opened at $26.17 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.24 and a quick ratio of 2.13. The firm has a market capitalization of $8.76 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 3.52 and a beta of 0.99. The firm’s 50-day moving average is $24.34 and its two-hundred day moving average is $25.46. Juniper Networks has a 1 year low of $22.42 and a 1 year high of $30.67.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Thursday, October 24th. The network equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Juniper Networks had a net margin of 8.35% and a return on equity of 9.54%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Analysts expect that Juniper Networks will post 1.23 EPS for the current fiscal year.

Juniper Networks announced that its board has authorized a share buyback program on Thursday, October 24th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to purchase up to 11.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, SVP Brian Martin sold 44,154 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $25.72, for a total transaction of $1,135,640.88. Following the sale, the senior vice president now directly owns 42,746 shares in the company, valued at $1,099,427.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth Bradley Miller sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $25.13, for a total transaction of $175,910.00. Following the sale, the chief financial officer now owns 70,333 shares in the company, valued at $1,767,468.29. The disclosure for this sale can be found here. Insiders have sold 93,213 shares of company stock worth $2,344,691 over the last 90 days. Insiders own 1.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of Juniper Networks by 12.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 136,312 shares of the network equipment provider’s stock worth $3,630,000 after buying an additional 15,608 shares during the period. NEXT Financial Group Inc purchased a new stake in shares of Juniper Networks during the second quarter worth approximately $27,000. California Public Employees Retirement System increased its stake in Juniper Networks by 14.2% in the second quarter. California Public Employees Retirement System now owns 2,635,951 shares of the network equipment provider’s stock valued at $70,195,000 after purchasing an additional 328,049 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Juniper Networks by 8.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 52,295 shares of the network equipment provider’s stock valued at $1,432,000 after purchasing an additional 4,257 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Juniper Networks by 26.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,377 shares of the network equipment provider’s stock valued at $1,581,000 after purchasing an additional 12,587 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

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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