Juniper Networks (JNPR) Given “Buy” Rating at BMO Capital Markets

Juniper Networks (NYSE:JNPR)‘s stock had its “buy” rating reiterated by stock analysts at BMO Capital Markets in a report released on Sunday. They currently have a $29.00 price target on the network equipment provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 13.99% from the company’s previous close.

JNPR has been the topic of several other reports. BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. UBS Group dropped their price target on Juniper Networks from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a research report on Thursday, November 30th. William Blair reaffirmed a “hold” rating on shares of Juniper Networks in a research report on Wednesday, October 25th. Finally, Loop Capital assumed coverage on Juniper Networks in a research report on Monday, January 29th. They issued a “hold” rating and a $30.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.69.

Shares of Juniper Networks (NYSE JNPR) traded up $0.78 during midday trading on Friday, reaching $25.44. The company’s stock had a trading volume of 6,295,132 shares, compared to its average volume of 4,200,000. The company has a current ratio of 2.41, a quick ratio of 2.70 and a debt-to-equity ratio of 0.46. The company has a market cap of $9,680.00, a P/E ratio of 31.41, a P/E/G ratio of 2.95 and a beta of 0.89. Juniper Networks has a 52 week low of $23.87 and a 52 week high of $30.96.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. sell-side analysts expect that Juniper Networks will post 1.34 earnings per share for the current year.

Juniper Networks announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in JNPR. Fuller & Thaler Asset Management Inc. acquired a new stake in Juniper Networks in the 3rd quarter valued at $111,000. Cerebellum GP LLC acquired a new stake in Juniper Networks in the 4th quarter valued at $128,000. Exane Derivatives boosted its stake in Juniper Networks by 278.1% in the 4th quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock valued at $161,000 after buying an additional 4,143 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new stake in Juniper Networks in the 4th quarter valued at $163,000. Finally, Stevens First Principles Investment Advisors boosted its stake in Juniper Networks by 40.9% in the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after buying an additional 2,045 shares in the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.

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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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