Insider Selling: Pradeep Sindhu Sells 55,000 Shares of Juniper Networks Stock (JNPR)
Juniper Networks (NYSE:JNPR) EVP Pradeep Sindhu sold 55,000 shares of Juniper Networks stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $23.57, for a total value of $1,296,350.00. Following the completion of the transaction, the executive vice president now directly owns 1,762,214 shares in the company, valued at approximately $41,535,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on JNPR shares. Analysts at Zacks downgraded shares of Juniper Networks from an “outperform” rating to an “underperform” rating in a research note on Friday, August 22nd. They now have a $22.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.08.
Shares of Juniper Networks (NYSE:JNPR) traded down 1.19% on Wednesday, hitting $23.23. 5,167,402 shares of the company’s stock traded hands. 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 $23.63 and its 200-day moving average is $24.9. The company has a market cap of $10.481 billion and a P/E ratio of 20.16.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter 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. Shareholders 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 1.72%. The ex-dividend date is Thursday, August 28th.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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