Insider Selling: Vincent Molinaro Unloads 22,721 Shares of Juniper Networks Stock (JNPR)
Juniper Networks (NYSE:JNPR) Insider Vincent Molinaro sold 22,721 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $24.83, for a total transaction of $564,162.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on JNPR. Analysts at Zacks reiterated an “outperform” rating on shares of Juniper Networks in a research note on Friday, April 25th. They now have a $30.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Juniper Networks in a research note on Wednesday, April 23rd. They now have a $28.00 price target on the stock. Finally, analysts at Cantor Fitzgerald cut their price target on shares of Juniper Networks from $37.00 to $32.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.80.
Shares of Juniper Networks (NYSE:JNPR) traded down 1.05% during mid-day trading on Wednesday, hitting $24.61. 7,972,027 shares of the company’s stock traded hands. Juniper Networks has a 52-week low of $16.84 and a 52-week high of $28.75. The stock’s 50-day moving average is $25.15 and its 200-day moving average is $23.96. The company has a market cap of $11.965 billion and a price-to-earnings ratio of 27.63. Juniper Networks also saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 14,658,376 shares, a decline of 40.6% from the April 15th total of 24,684,516 shares. Based on an average daily volume of 9,372,241 shares, the days-to-cover ratio is currently 1.6 days. Approximately 3.0% of the company’s shares are short sold.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Juniper Networks will post $1.62 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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