Juniper Networks Director Unloads $20,873,481 in Stock (JNPR)
Juniper Networks (NYSE:JNPR) Director Scott Kriens sold 877,037 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $23.80, for a total value of $20,873,480.60. Following the completion of the transaction, the director now directly owns 109,048 shares in the company, valued at approximately $2,595,342. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Juniper Networks (NYSE:JNPR) traded up 0.84% on Thursday, hitting $23.99. The stock had a trading volume of 5,015,601 shares. Juniper Networks has a 52 week low of $18.36 and a 52 week high of $28.75. The stock’s 50-day moving average is $23.72 and its 200-day moving average is $25.04. The company has a market cap of $10.824 billion and a price-to-earnings ratio of 20.40.
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 announced a quarterly dividend, which is scheduled for Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, August 28th.
A number of analysts have recently weighed in on JNPR shares. 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 issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Juniper Networks currently has an average rating of “Hold” and an average 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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