Juniper Networks (JNPR) Now Covered by Goldman Sachs Group

Analysts at Goldman Sachs Group initiated coverage on shares of Juniper Networks (NYSE:JNPR) in a report released on Wednesday. The brokerage set a “neutral” rating and a $26.00 price target on the network equipment provider’s stock. Goldman Sachs Group’s target price suggests a potential upside of 1.96% from the stock’s previous close.

Several other research firms have also recently weighed in on JNPR. ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Robert W. Baird reissued a “hold” rating and issued a $26.00 target price on shares of Juniper Networks in a research note on Thursday, November 30th. Stifel Nicolaus began coverage on shares of Juniper Networks in a research note on Thursday, December 14th. They issued a “hold” rating and a $28.00 target price for the company. Deutsche Bank reissued a “sell” rating and issued a $20.00 target price on shares of Juniper Networks in a research note on Friday, January 5th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $27.00 target price on shares of Juniper Networks in a research note on Wednesday, January 10th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.69.

Juniper Networks (NYSE:JNPR) traded down $0.04 during trading hours on Wednesday, hitting $25.50. 255,007 shares of the company traded hands, compared to its average volume of 4,174,556. Juniper Networks has a twelve month low of $23.87 and a twelve month high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $9,710.00, a PE ratio of 31.52, a PEG ratio of 2.92 and a beta of 0.89.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis. research analysts predict that Juniper Networks will post 1.34 EPS for the current year.

Juniper Networks announced that its board has authorized a share buyback program on Tuesday, January 30th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Juniper Networks during the third quarter worth $111,000. Cerebellum GP LLC acquired a new stake in shares of Juniper Networks during the fourth quarter worth $128,000. Exane Derivatives lifted its holdings in shares of Juniper Networks by 278.1% during the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock worth $161,000 after buying an additional 4,143 shares in the last quarter. Stevens First Principles Investment Advisors lifted its holdings in shares of Juniper Networks by 40.9% during the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after buying an additional 2,045 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Juniper Networks during the third quarter worth $217,000. 90.01% of the stock is owned by 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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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