Juniper Networks, Inc. (NYSE:JNPR) Stock Rating Upgraded by TheStreet
Juniper Networks, Inc. (NYSE:JNPR) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Monday.
Several other equities analysts have also recently weighed in on the company. UBS AG reissued a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Juniper Networks in a report on Wednesday. Robert W. Baird reissued a “hold” rating and set a $30.00 price target on shares of Juniper Networks in a report on Wednesday. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Friday, July 21st. Drexel Hamilton reissued a “buy” rating and set a $37.00 price target on shares of Juniper Networks in a report on Thursday, July 20th. Finally, BMO Capital Markets raised Juniper Networks from a “market perform” rating to an “outperform” rating and increased their price target for the company from $31.00 to $34.00 in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.40.
Shares of Juniper Networks (NYSE JNPR) traded down 6.34% during midday trading on Monday, hitting $28.06. The stock had a trading volume of 13,815,349 shares. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 17.75 and a beta of 1.08. The firm’s 50-day moving average price is $28.81 and its 200-day moving average price is $28.53. Juniper Networks has a 1-year low of $22.12 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. Analysts forecast that Juniper Networks will post $2.23 earnings per share for the current year.
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In related news, VP Terrance F. Spidell sold 10,600 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the completion of the transaction, the vice president now owns 10,600 shares of the company’s stock, valued at approximately $312,382. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 40,773 shares of the company’s stock, valued at approximately $1,244,799.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,100 shares of company stock valued at $5,337,282. 3.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its position in shares of Juniper Networks by 31.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 33,030 shares of the network equipment provider’s stock worth $921,000 after buying an additional 7,900 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Juniper Networks by 40.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after buying an additional 3,248,819 shares during the last quarter. 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 worth $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 worth approximately $9,508,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Juniper Networks during the second quarter worth approximately $365,000. 89.61% of the stock is owned by hedge funds and other 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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