Juniper Networks EVP Sells $2,553,100 in Stock (JNPR)
Juniper Networks (NYSE:JNPR) EVP Pradeep Sindhu sold 110,000 shares of Juniper Networks stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $23.21, for a total value of $2,553,100.00. Following the completion of the transaction, the executive vice president now directly owns 1,762,214 shares in the company, valued at approximately $40,900,987. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Juniper Networks (NYSE:JNPR) traded up 0.09% during mid-day trading on Tuesday, hitting $23.34. 3,943,043 shares of the company’s stock traded hands. Juniper Networks has a 1-year low of $18.36 and a 1-year high of $28.75. The stock’s 50-day moving average is $23.88 and its 200-day moving average is $25.20. The company has a market cap of $10.977 billion and a price-to-earnings ratio of 20.00.
Juniper Networks (NYSE:JNPR) last released its earnings data on Tuesday, July 22nd. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Juniper Networks will post $1.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, August 28th.
Several analysts have recently commented on the stock. Analysts at Bernstein upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $30.00 price target on the stock. Separately, analysts at Sanford C. Bernstein upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $30.00 price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Juniper Networks in a research note on Wednesday, July 23rd. They now have a $29.50 price target on the stock, down previously from $32.00. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $27.25.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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