Juniper Networks Receives Average Rating of “Hold” from Brokerages (NYSE:JNPR)
Shares of Juniper Networks (NYSE:JNPR) have earned an average recommendation of “Hold” from the thirty-five ratings firms that are currently covering the company, AR Network reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $27.08.
A number of research firms have recently commented on JNPR. 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.
In other Juniper Networks news, EVP Pradeep Sindhu unloaded 55,000 shares of Juniper Networks stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $23.57, for a total transaction of $1,296,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Juniper Networks (NYSE:JNPR) opened at 23.2103 on Wednesday. Juniper Networks has a 52 week low of $18.36 and a 52 week high of $28.75. The stock has a 50-day moving average of $23.51 and a 200-day moving average of $24.8. The company has a market cap of $10.472 billion and a price-to-earnings ratio of 19.89.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 22nd. The company reported $0.40 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.29 earnings per share. Juniper Networks’s revenue was up 6.9% compared to the same quarter last year. 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 1.72%. The ex-dividend date of this dividend 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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