Juniper Networks, Inc. (JNPR) Rating Reiterated by UBS AG
Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “neutral” rating reiterated by stock analysts at UBS AG in a report released on Wednesday, www.flashratings.com reports. They currently have a $30.00 target price on the network equipment provider’s stock, up from their previous target price of $28.00. UBS AG’s price target indicates a potential upside of 0.13% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Robert W. Baird reaffirmed a “hold” rating and set a $30.00 price objective on shares of Juniper Networks in a research note on Wednesday. Pacific Crest initiated coverage on shares of Juniper Networks in a research note on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price target for the company. Drexel Hamilton reissued a “buy” rating and issued a $37.00 price target on shares of Juniper Networks in a research note on Thursday, July 20th. Cowen and Company increased their price target on shares of Juniper Networks from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Juniper Networks in a research note on Saturday, April 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and a consensus price target of $30.40.
Juniper Networks (NYSE:JNPR) traded down 6.68% on Wednesday, reaching $27.96. The company had a trading volume of 10,621,126 shares. The company’s 50-day moving average price is $28.81 and its 200 day moving average price is $28.53. The firm has a market capitalization of $10.68 billion, a P/E ratio of 17.69 and a beta of 1.08. Juniper Networks has a 1-year low of $22.12 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Juniper Networks’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Juniper Networks will post $2.23 EPS for the current year.
In other Juniper Networks news, Director Pradeep Sindhu sold 76,900 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the transaction, the director now directly owns 40,773 shares of the company’s stock, valued at approximately $1,244,799.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 10,700 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $30.64, for a total transaction of $327,848.00. Following the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $14,388,758.48. The disclosure for this sale can be found here. Insiders have sold a total of 175,100 shares of company stock worth $5,337,282 over the last three months. 3.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of JNPR. Strs Ohio increased its position in shares of Juniper Networks by 13.7% in the second quarter. Strs Ohio now owns 49,356 shares of the network equipment provider’s stock valued at $1,376,000 after buying an additional 5,958 shares during the last quarter. Boston Advisors LLC acquired a new position in shares of Juniper Networks during the second quarter valued at about $9,508,000. Acadian Asset Management LLC acquired a new position in shares of Juniper Networks during the second quarter valued at about $365,000. Contravisory Investment Management Inc. increased its position in shares of Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after buying an additional 60 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Juniper Networks by 78.7% in the second quarter. Russell Investments Group Ltd. now owns 1,369,151 shares of the network equipment provider’s stock valued at $38,199,000 after buying an additional 602,784 shares during the last quarter. 89.61% of the stock is currently owned by institutional investors.
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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