Juniper Networks, Inc. (JNPR) Lowered to “Positive” at OTR Global
Juniper Networks, Inc. (NYSE:JNPR) was downgraded by research analysts at OTR Global to a “positive” rating in a note issued to investors on Friday, The Fly reports.
A number of other equities research analysts have also recently weighed in on JNPR. TheStreet cut shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Instinet restated a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a report on Tuesday, July 4th. BMO Capital Markets upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $31.00 to $34.00 in a report on Monday, July 10th. Drexel Hamilton restated a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a report on Thursday, July 20th. Finally, Raymond James Financial, Inc. upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.36.
Shares of Juniper Networks (NYSE:JNPR) traded up 1.30% during trading on Friday, reaching $25.80. 2,153,868 shares of the company traded hands. The firm’s 50 day moving average is $27.61 and its 200-day moving average is $28.45. Juniper Networks has a 12-month low of $22.41 and a 12-month high of $30.96. The stock has a market capitalization of $9.81 billion, a P/E ratio of 15.44 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 for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that Juniper Networks will post $2.23 earnings per share for the current fiscal year.
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In other news, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction on 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 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 stock in a transaction on Tuesday, August 1st. The stock was 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 three months, insiders sold 35,044 shares of company stock valued at $974,774. Corporate insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of 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 purchasing an additional 21 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of 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 purchasing an additional 201 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in shares of Juniper Networks in the second quarter worth $204,000. Menta Capital LLC purchased a new stake in shares of Juniper Networks in the first quarter worth $205,000. Finally, River Wealth Advisors LLC purchased a new stake in shares of 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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