Juniper Networks, Inc. (NYSE:JNPR) Upgraded at Raymond James Financial, Inc.
Juniper Networks, Inc. (NYSE:JNPR) was upgraded by stock analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a report issued on Friday, Marketbeat reports. The firm currently has a $34.00 price objective on the network equipment provider’s stock. Raymond James Financial, Inc.’s price target would suggest a potential upside of 15.53% from the company’s current price.
Several other equities research analysts also recently issued reports on JNPR. BMO Capital Markets upgraded Juniper Networks from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $31.00 to $34.00 in a report on Monday, July 10th. Drexel Hamilton restated a “buy” rating and issued a $37.00 price target on shares of Juniper Networks in a report on Thursday. Instinet restated a “buy” rating and issued a $33.00 price target on shares of Juniper Networks in a report on Tuesday, July 4th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $30.00 price target (up from $27.00) on shares of Juniper Networks in a report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.18.
Shares of Juniper Networks (NYSE:JNPR) traded up 0.72% during midday trading on Friday, reaching $29.43. The company’s stock had a trading volume of 4,103,278 shares. Juniper Networks has a 12 month low of $22.12 and a 12 month high of $30.96. The stock has a 50-day moving average of $28.85 and a 200 day moving average of $28.52. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 18.61 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, April 25th. The network equipment provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, analysts predict that Juniper Networks will post $2.23 earnings per share for the current fiscal year.
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In other news, Director Pradeep Sindhu sold 76,900 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the transaction, the director now owns 40,773 shares in the company, valued at $1,244,799.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Vincent Molinaro sold 13,792 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $28.36, for a total value of $391,141.12. Following the transaction, the executive vice president now owns 4,597 shares in the company, valued at approximately $130,370.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,892 shares of company stock worth $5,728,423. 3.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of JNPR. Ladenburg Thalmann Financial Services Inc. raised its position in Juniper Networks by 173.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,517 shares of the network equipment provider’s stock worth $127,000 after buying an additional 2,868 shares during the period. Acrospire Investment Management LLC raised its position in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares during the period. Creative Planning raised its position in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares during the period. Menta Capital LLC bought a new position in Juniper Networks during the first quarter worth approximately $205,000. Finally, Advisor Partners LLC bought a new position in Juniper Networks during the first quarter worth approximately $210,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.
Juniper Networks Company Profile
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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