Insider Selling: Terrance F. Spidell Sells 1,686 Shares of Juniper Networks Stock (JNPR)
Juniper Networks (NYSE:JNPR) CAO Terrance F. Spidell sold 1,686 shares of Juniper Networks stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.26, for a total value of $45,960.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
JNPR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Juniper Networks from a “neutral” rating to an “outperform” rating in a research note on Friday, February 7th. They now have a $32.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Juniper Networks to a “buy” rating in a research note on Monday, January 27th. Finally, analysts at Deutsche Bank raised their price target on shares of Juniper Networks from $19.00 to $26.00 in a research note on Friday, January 24th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.53.
Juniper Networks (NYSE:JNPR) opened at 27.20 on Thursday. 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 $26. and a 200-day moving average of $21.73. The company has a market cap of $13.551 billion and a P/E ratio of 31.93.
Juniper Networks (NYSE:JNPR) last issued its quarterly 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. On average, analysts predict that Juniper Networks will post $1.45 earnings per share for the current fiscal year.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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