Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “outperform” rating restated by research analysts at Raymond James Financial, Inc. in a report issued on Thursday. They currently have a $35.00 price objective on the network equipment provider’s stock. Raymond James Financial, Inc.’s price objective suggests a potential upside of 37.42% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Drexel Hamilton restated a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada restated a “hold” rating and set a $30.00 price objective on shares of Juniper Networks in a research note on Wednesday, September 6th. Finally, Robert W. Baird set a $30.00 price objective on Juniper Networks and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.36.

Shares of Juniper Networks (NYSE:JNPR) traded down 5.17% during trading on Thursday, hitting $25.47. 19,830,763 shares of the stock were exchanged. Juniper Networks has a 12-month low of $22.41 and a 12-month high of $30.96. The firm has a 50 day moving average of $27.61 and a 200-day moving average of $28.45. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 15.24 and a beta of 1.09.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Juniper Networks will post $2.23 earnings per share for the current year.

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In related news, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 16,000 shares of the 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 owns 469,607 shares of the company’s stock, valued at approximately $12,881,320.01. The disclosure for this sale can be found here. Insiders sold a total of 35,044 shares of company stock valued at $974,774 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Juniper Networks by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after acquiring an additional 2,314,683 shares during the period. State Street Corp boosted its position in Juniper Networks by 4.4% during the 1st quarter. State Street Corp now owns 17,739,857 shares of the network equipment provider’s stock worth $493,700,000 after acquiring an additional 751,132 shares during the period. Dodge & Cox boosted its position in Juniper Networks by 0.4% during the 2nd quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after acquiring an additional 74,877 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Juniper Networks by 40.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 11,378,124 shares of the network equipment provider’s stock worth $317,222,000 after acquiring an additional 3,248,819 shares during the period. Finally, First Trust Advisors LP boosted its position in Juniper Networks by 22.4% during the 2nd quarter. First Trust Advisors LP now owns 7,124,028 shares of the network equipment provider’s stock worth $198,618,000 after acquiring an additional 1,302,277 shares during the period. Institutional investors and hedge funds 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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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