Nomura Downgrades Juniper Networks, Inc. (JNPR) to Neutral
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.
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.
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