Stock analysts at Wells Fargo & Company initiated coverage on shares of Juniper Networks, Inc. (NYSE:JNPR) in a research note issued on Tuesday, The Fly reports. The brokerage set a “market perform” rating on the network equipment provider’s stock.

JNPR has been the subject of a number of other research reports. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, July 28th. BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Citigroup Inc. reduced their price objective on Juniper Networks from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Raymond James Financial, Inc. upgraded Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Friday, July 21st. Finally, Nomura downgraded Juniper Networks from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $27.00 in a research report on Thursday, October 12th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Juniper Networks currently has a consensus rating of “Hold” and a consensus price target of $29.61.

Shares of Juniper Networks (NYSE JNPR) traded up $0.36 during trading hours on Tuesday, reaching $25.36. The company had a trading volume of 6,157,100 shares, compared to its average volume of 4,924,260. Juniper Networks has a 1 year low of $23.87 and a 1 year high of $30.96. The company has a market cap of $9,373.21, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $0.58 EPS. Juniper Networks’s revenue for the quarter was down 2.1% compared to the same quarter last year. research analysts predict that Juniper Networks will post 1.7 EPS for the current fiscal year.

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In related news, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $27.47, for a total value of $145,591.00. Following the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,900,104.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the transaction, the director now owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 26,700 shares of company stock worth $732,107. Corporate insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in JNPR. Numeric Investors LLC increased its position in Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after buying an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after acquiring an additional 3,604,200 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of Juniper Networks by 40.0% during the second 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. Prudential Financial Inc. boosted its holdings in shares of Juniper Networks by 260.0% during the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock worth $94,076,000 after acquiring an additional 2,437,006 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Juniper Networks by 6.4% during the second 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. 93.32% of the stock is currently 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.

The Fly

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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