Insider Selling: Juniper Networks EVP Sells 46,000 Shares of Stock (JNPR)
Juniper Networks (NASDAQ:JNPR) EVP Geraldine Elliott unloaded 46,000 shares of Juniper Networks stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $18.65, for a total transaction of $857,900.00. Following the transaction, the executive vice president now directly owns 146,979 shares in the company, valued at approximately $2,741,158. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Juniper Networks (NASDAQ:JNPR) traded up 0.80% on Tuesday, hitting $19.00. The stock had a trading volume of 4,165,765 shares. Juniper Networks has a 52-week low of $15.62 and a 52-week high of $22.98. The stock has a 50-day moving average of $20.72 and a 200-day moving average of $19.21. The company has a market cap of $9.529 billion and a P/E ratio of 25.37.
Juniper Networks (NASDAQ:JNPR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.22 earnings per share. Juniper Networks’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Juniper Networks will post $1.23 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Juniper Networks in a research note to investors on Wednesday, October 23rd. They now have a $21.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Juniper Networks in a research note to investors on Wednesday, October 23rd. They now have a $21.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Juniper Networks from $24.00 to $26.00 in a research note to investors on Wednesday, October 23rd. They now have a “sector perform” rating on the stock. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.37.
Juniper Networks, Inc (NASDAQ:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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