Juniper Networks, Inc. (JNPR) Receives Hold Rating from Royal Bank Of Canada
Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They presently have a $30.00 price objective on the network equipment provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 12.70% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Drexel Hamilton reissued a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a research report on Thursday, July 20th. BidaskClub downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Raymond James Financial, Inc. raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Friday, July 21st. Finally, Pacific Crest started coverage on shares of Juniper Networks in a research report on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price for the company. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.94.
Shares of Juniper Networks (NYSE JNPR) traded down 1.48% during trading on Wednesday, hitting $26.62. The stock had a trading volume of 4,357,790 shares. Juniper Networks has a 1-year low of $22.40 and a 1-year high of $30.96. The firm has a 50-day moving average of $27.83 and a 200 day moving average of $28.53. The company has a market capitalization of $10.12 billion, a P/E ratio of 15.94 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. Equities research analysts predict that Juniper Networks will post $2.24 earnings per share for the current fiscal year.
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In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rami Rahim sold 5,400 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total transaction of $147,636.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,839,055.38. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock worth $974,774 over the last quarter. Corporate insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Achmea Investment Management B.V. lifted its stake in Juniper Networks by 94.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 23,598 shares of the network equipment provider’s stock worth $656,000 after purchasing an additional 11,474 shares in the last quarter. Toronto Dominion Bank lifted its stake in Juniper Networks by 26.1% in the 2nd quarter. Toronto Dominion Bank now owns 129,438 shares of the network equipment provider’s stock worth $3,608,000 after purchasing an additional 26,792 shares in the last quarter. Oak Associates Ltd. OH lifted its stake in Juniper Networks by 10.7% in the 2nd quarter. Oak Associates Ltd. OH now owns 425,657 shares of the network equipment provider’s stock worth $11,867,000 after purchasing an additional 41,000 shares in the last quarter. Koch Industries Inc. purchased a new stake in Juniper Networks in the 2nd quarter worth approximately $850,000. Finally, Piedmont Investment Advisors LLC lifted its stake in Juniper Networks by 3.6% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 41,745 shares of the network equipment provider’s stock worth $1,164,000 after purchasing an additional 1,440 shares in the last quarter. Institutional investors and hedge funds own 90.16% 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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