Juniper Networks (JNPR) Raised to Outperform at Oppenheimer

Juniper Networks (NYSE:JNPR) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued on Monday.

JNPR has been the subject of a number of other research reports. BidaskClub downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. UBS Group dropped their price objective on shares of Juniper Networks from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and set a $26.00 price objective on shares of Juniper Networks in a research note on Thursday, November 30th. William Blair reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Wednesday, October 25th. Finally, Barclays downgraded shares of Juniper Networks from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Wednesday, January 17th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.84.

Juniper Networks (JNPR) opened at $27.85 on Monday. Juniper Networks has a one year low of $23.87 and a one year high of $30.96. The firm has a market cap of $10,441.75, a PE ratio of 16.19, a P/E/G ratio of 2.57 and a beta of 1.10. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41.

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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. equities analysts expect that Juniper Networks will post 1.7 earnings per share for the current fiscal year.

In other news, CEO Rami Rahim sold 16,100 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,322,487.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rahul N. Merchant bought 2,000 shares of Juniper Networks stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $24.48 per share, with a total value of $48,960.00. Following the completion of the purchase, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in JNPR. Vanguard Group Inc. raised its position in shares of 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 valued at $1,071,564,000 after acquiring an additional 2,314,683 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Juniper Networks by 12.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock valued at $355,227,000 after acquiring an additional 1,386,036 shares in the last quarter. First Trust Advisors LP raised its position in shares of Juniper Networks by 1.3% during the 3rd quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock valued at $200,817,000 after acquiring an additional 91,809 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Juniper Networks by 25.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock valued at $188,804,000 after acquiring an additional 1,375,394 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Juniper Networks by 197.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock valued at $151,307,000 after acquiring an additional 3,604,200 shares in the last quarter. Institutional investors own 90.62% of the company’s stock.

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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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