Juniper Networks (NYSE:JNPR) was upgraded by investment analysts at Rosenblatt Securities from a “sell” rating to a “neutral” rating in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has a $27.00 target price on the network equipment provider’s stock, up from their prior target price of $24.00. Rosenblatt Securities’ price target indicates a potential downside of 0.92% from the stock’s current price.
A number of other brokerages have also recently issued reports on JNPR. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, April 8th. Finally, Piper Jaffray Companies set a $27.00 price objective on Juniper Networks and gave the company a “hold” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Juniper Networks currently has an average rating of “Hold” and an average target price of $28.38.
NYSE JNPR opened at $27.25 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.89 and a current ratio of 2.89. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 3.03 and a beta of 0.90. Juniper Networks has a 1 year low of $24.51 and a 1 year high of $30.80.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, April 25th. The network equipment provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.15. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $983.92 million. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, sell-side analysts expect that Juniper Networks will post 1.42 earnings per share for the current year.
In other Juniper Networks news, EVP Bikash Koley sold 10,882 shares of Juniper Networks stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $27.68, for a total value of $301,213.76. Following the completion of the transaction, the executive vice president now directly owns 48,620 shares of the company’s stock, valued at approximately $1,345,801.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Stensrud sold 35,000 shares of Juniper Networks stock in a transaction on Friday, May 10th. The shares were sold at an average price of $26.01, for a total value of $910,350.00. Following the completion of the transaction, the director now directly owns 5,531 shares of the company’s stock, valued at $143,861.31. The disclosure for this sale can be found here. Insiders sold a total of 82,523 shares of company stock valued at $2,230,218 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Rational Advisors LLC raised its holdings in Juniper Networks by 1,800.8% in the 1st quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock valued at $60,000 after acquiring an additional 2,143 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of Juniper Networks by 9.5% during the 4th quarter. WINTON GROUP Ltd now owns 1,218,995 shares of the network equipment provider’s stock worth $32,803,000 after buying an additional 105,808 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Juniper Networks by 8.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 34,177 shares of the network equipment provider’s stock worth $920,000 after buying an additional 2,800 shares in the last quarter. Occidental Asset Management LLC raised its holdings in shares of Juniper Networks by 10.8% during the 4th quarter. Occidental Asset Management LLC now owns 8,047 shares of the network equipment provider’s stock worth $217,000 after buying an additional 782 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Juniper Networks by 22.9% during the 1st quarter. Acadian Asset Management LLC now owns 512,414 shares of the network equipment provider’s stock worth $13,562,000 after buying an additional 95,390 shares in the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.
Juniper Networks Company Profile
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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