Juniper Networks, Inc. (NYSE:JNPR) was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Juniper Networks from a “c+” rating to a “b” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, July 28th. Berenberg Bank reissued a “buy” rating and set a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Drexel Hamilton reissued a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, Instinet reissued a “buy” rating and set a $33.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.68.

Juniper Networks (NYSE JNPR) traded down 4.8001% during midday trading on Thursday, hitting $25.5707. 6,885,430 shares of the stock traded hands. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 15.3026 and a beta of 1.09. Juniper Networks has a 52 week low of $22.41 and a 52 week high of $30.96. The stock’s 50-day moving average price is $27.66 and its 200 day moving average price is $28.48.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.50 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that Juniper Networks will post $2.24 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Nomura Downgrades Juniper Networks, Inc. (JNPR) to Neutral” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/12/nomura-downgrades-juniper-networks-inc-jnpr-to-neutral.html.

In related news, CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Terrance F. Spidell sold 3,313 shares of the firm’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. Over the last ninety days, insiders have sold 35,044 shares of company stock valued at $974,774. Insiders own 3.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of JNPR. Creative Planning lifted its position in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after buying an additional 21 shares during the last quarter. Acrospire Investment Management LLC lifted its position in Juniper Networks by 4.3% in the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after buying an additional 201 shares during the last quarter. Petrus Trust Company LTA bought a new stake in Juniper Networks in the second quarter worth $204,000. Menta Capital LLC bought a new stake in Juniper Networks in the first quarter worth $205,000. Finally, River Wealth Advisors LLC bought a new stake in Juniper Networks in the second quarter worth $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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

Receive News & Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.