Insider Selling: Juniper Networks EVP Sells 250,000 Shares of Stock (JNPR)
Juniper Networks (NYSE:JNPR) EVP Mitchell L. Gaynor sold 250,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $27.40, for a total transaction of $6,850,000.00. Following the transaction, the executive vice president now directly owns 13,372 shares of the company’s stock, valued at approximately $366,393. The transaction was disclosed in a filing with the SEC, which is available at this link.
Juniper Networks (NYSE:JNPR) traded up 0.80% during mid-day trading on Wednesday, hitting $27.73. 9,525,689 shares of the company’s stock traded hands. Juniper Networks has a 52-week low of $15.62 and a 52-week high of $28.75. The stock has a 50-day moving average of $23.60 and a 200-day moving average of $21.14. The company has a market cap of $13.815 billion and a P/E ratio of 31.99.
Juniper Networks (NYSE:JNPR) last released its earnings data on Thursday, January 23rd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Juniper Networks will post $1.44 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Juniper Networks to a “buy” rating in a research note to investors on Monday. Separately, analysts at Deutsche Bank raised their price target on shares of Juniper Networks from $19.00 to $26.00 in a research note to investors on Friday, January 24th. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group raised their EPS on shares of Juniper Networks in a research note to investors on Friday, January 24th. They now have a “hold” rating and a $25.50 price target on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $27.06.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.