Juniper Networks (NYSE:JNPR) was upgraded by equities research analysts at CIBC from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday.
Other equities analysts also recently issued reports about the company. Piper Jaffray Companies reiterated a “neutral” rating and issued a $27.00 target price on shares of Juniper Networks in a research report on Wednesday, January 10th. UBS Group upgraded Juniper Networks from a “market perform” rating to an “outperform” rating in a research report on Monday. Oppenheimer upgraded Juniper Networks from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research report on Monday. Robert W. Baird restated a “hold” rating and set a $26.00 price objective (down from $28.00) on shares of Juniper Networks in a research report on Wednesday, October 25th. Finally, Bank of America downgraded Juniper Networks from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $31.00 in a research report on Wednesday, October 11th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $29.00.
Juniper Networks (NYSE:JNPR) opened at $27.85 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market capitalization of $10,441.75, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. Juniper Networks has a 1 year low of $23.87 and a 1 year high of $30.96.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. Juniper Networks’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. equities research analysts anticipate that Juniper Networks will post 1.7 EPS for the current fiscal year.
In other Juniper Networks news, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the acquisition, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total value of $142,290.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. ING Groep grew its stake in Juniper Networks by 81.9% in the third quarter. ING Groep now owns 972,997 shares of the network equipment provider’s stock valued at $25,016,000 after acquiring an additional 437,997 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in Juniper Networks by 5.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 320,220 shares of the network equipment provider’s stock valued at $7,705,000 after acquiring an additional 17,768 shares during the period. Jennison Associates grew its stake in Juniper Networks by 10.7% in the third quarter. Jennison Associates now owns 1,901,471 shares of the network equipment provider’s stock valued at $48,887,000 after acquiring an additional 183,167 shares during the period. Penserra Capital Management LLC grew its stake in Juniper Networks by 18.0% in the second quarter. Penserra Capital Management LLC now owns 1,280,103 shares of the network equipment provider’s stock valued at $28,789,000 after acquiring an additional 195,243 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Juniper Networks by 9.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,085,388 shares of the network equipment provider’s stock valued at $27,688,000 after acquiring an additional 89,800 shares during the period. 90.62% of the stock is owned by hedge funds and other institutional investors.
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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.