Juniper Networks, Inc. (JNPR) PT Lowered to $0.00 at MKM Partners
Juniper Networks, Inc. (NYSE:JNPR) had its price objective dropped by analysts at MKM Partners in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the network equipment provider’s stock.
Several other analysts also recently issued reports on JNPR. UBS AG reduced their price target on shares of Juniper Networks from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday. Robert W. Baird reaffirmed a “hold” rating and issued a $28.00 price target on shares of Juniper Networks in a report on Thursday. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Juniper Networks in a report on Thursday. Instinet downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, BMO Capital Markets reduced their price target on shares of Juniper Networks from $34.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Juniper Networks presently has an average rating of “Hold” and an average price target of $30.36.
Juniper Networks (NYSE:JNPR) traded down 4.99% during mid-day trading on Thursday, reaching $25.52. 16,365,669 shares of the company’s stock were exchanged. Juniper Networks has a 1-year low of $22.41 and a 1-year high of $30.96. The stock has a market capitalization of $9.71 billion, a PE ratio of 15.27 and a beta of 1.09. The firm’s 50-day moving average is $27.66 and its 200 day moving average is $28.48.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results 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 12.66% and a return on equity of 14.13%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts forecast that Juniper Networks will post $2.23 earnings per share for the current fiscal year.
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In other news, CEO Rami Rahim sold 5,400 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $27.34, for a total value of $147,636.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,839,055.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The disclosure for this sale can be found here. Insiders sold 35,044 shares of company stock valued at $974,774 over the last 90 days. Insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning boosted its stake in Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after acquiring an additional 21 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after acquiring an additional 201 shares during the last quarter. Petrus Trust Company LTA bought a new position in Juniper Networks during the 2nd quarter valued at $204,000. Menta Capital LLC bought a new position in Juniper Networks during the 1st quarter valued at $205,000. Finally, River Wealth Advisors LLC bought a new position in Juniper Networks during the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 90.16% of the company’s stock.
About Juniper Networks
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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