Juniper Networks, Inc. (JNPR) Given Hold Rating at Robert W. Baird
Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “hold” rating restated by Robert W. Baird in a note issued to investors on Thursday. They currently have a $28.00 price target on the network equipment provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 4.24% from the company’s previous close.
A number of other brokerages also recently issued reports on JNPR. Raymond James Financial, Inc. restated an “outperform” rating and set a $35.00 price target on shares of Juniper Networks in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Thursday. Nomura cut Juniper Networks from a “buy” rating to a “neutral” rating in a research report on Thursday. BMO Capital Markets cut their price objective on Juniper Networks from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, UBS AG cut their price objective on Juniper Networks from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.64.
Juniper Networks (NYSE:JNPR) traded down 5.58% during midday trading on Thursday, hitting $25.36. The company’s stock had a trading volume of 13,591,215 shares. Juniper Networks has a 52-week low of $22.41 and a 52-week high of $30.96. The company has a market cap of $9.64 billion, a PE ratio of 15.18 and a beta of 1.09. The stock has a 50 day moving average of $27.66 and a 200 day moving average of $28.48.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, equities analysts expect that Juniper Networks will post $2.23 EPS for the current year.
In related news, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rami Rahim sold 5,400 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $27.34, for a total transaction of $147,636.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,839,055.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Creative Planning raised its position in Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the period. Acrospire Investment Management LLC increased its position in shares of Juniper Networks by 4.3% during the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after acquiring an additional 201 shares during the period. Petrus Trust Company LTA purchased a new position in shares of Juniper Networks during the second quarter worth approximately $204,000. Menta Capital LLC purchased a new position in shares of Juniper Networks during the first quarter worth approximately $205,000. Finally, River Wealth Advisors LLC purchased a new position in shares of Juniper Networks during the second quarter worth approximately $206,000. 90.16% 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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