Juniper Networks (NYSE:JNPR) Upgraded to “Overweight” at Barclays


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Juniper Networks (NYSE:JNPR) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, The Fly reports.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Juniper Networks from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research note on Friday, December 11th. BidaskClub upgraded shares of Juniper Networks from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 6th. Zacks Investment Research upgraded shares of Juniper Networks from a “strong sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research note on Tuesday, December 29th. Finally, Raymond James cut their price objective on shares of Juniper Networks from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.70.

Shares of JNPR opened at $23.50 on Thursday. The company’s fifty day moving average is $22.48 and its 200-day moving average is $22.80. Juniper Networks has a 12 month low of $15.20 and a 12 month high of $26.49. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 4.71 and a beta of 0.91. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.38.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, October 27th. The network equipment provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Juniper Networks had a net margin of 8.92% and a return on equity of 8.30%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, research analysts predict that Juniper Networks will post 1.04 earnings per share for the current fiscal year.

In other news, Director William Stensrud sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 25th. The shares were sold at an average price of $22.06, for a total transaction of $220,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JNPR. Private Advisor Group LLC bought a new position in Juniper Networks in the second quarter valued at approximately $35,000. Planned Solutions Inc. bought a new position in Juniper Networks in the third quarter valued at approximately $75,000. Hanseatic Management Services Inc. bought a new position in shares of Juniper Networks during the third quarter worth $77,000. CI Investments Inc. bought a new position in shares of Juniper Networks during the third quarter worth $77,000. Finally, NuWave Investment Management LLC boosted its position in shares of Juniper Networks by 1,411.8% during the third quarter. NuWave Investment Management LLC now owns 4,354 shares of the network equipment provider’s stock worth $93,000 after purchasing an additional 4,066 shares in the last quarter. 87.73% of the stock is currently owned by institutional investors and hedge funds.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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