Juniper Networks (NYSE:JNPR – Get Rating) updated its third quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.45-$0.55 for the period, compared to the consensus estimate of $0.54. The company issued revenue guidance of $1.30 billion-$1.40 billion, compared to the consensus revenue estimate of $1.29 billion.
Analyst Ratings Changes
Several equities analysts have recently weighed in on JNPR shares. UBS Group dropped their price objective on shares of Juniper Networks from $34.00 to $31.00 and set a neutral rating on the stock in a research report on Wednesday. Rosenblatt Securities lowered their price target on shares of Juniper Networks from $33.00 to $32.00 and set a neutral rating on the stock in a report on Wednesday. Citigroup reduced their price objective on Juniper Networks from $36.00 to $30.00 and set a neutral rating for the company in a report on Wednesday. Evercore ISI lowered their target price on Juniper Networks from $35.00 to $33.00 and set an in-line rating on the stock in a research note on Tuesday, June 28th. Finally, Wells Fargo & Company reduced their price target on Juniper Networks to $32.00 and set an outperform rating for the company in a research note on Wednesday. Four analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $33.18.
Juniper Networks Trading Up 0.1 %
NYSE:JNPR traded up $0.03 during mid-day trading on Friday, hitting $28.03. 4,907,677 shares of the company’s stock were exchanged, compared to its average volume of 4,256,810. The company has a current ratio of 1.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.39. Juniper Networks has a fifty-two week low of $26.20 and a fifty-two week high of $38.14. The company has a 50 day simple moving average of $28.97 and a 200-day simple moving average of $32.18. The firm has a market capitalization of $9.06 billion, a P/E ratio of 27.21, a PEG ratio of 1.82 and a beta of 0.94.
Juniper Networks Dividend Announcement
Insiders Place Their Bets
In related news, CFO Kenneth Bradley Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the sale, the chief financial officer now owns 171,835 shares of the company’s stock, valued at $5,471,226.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Manoj Leelanivas sold 8,274 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $32.15, for a total transaction of $266,009.10. Following the transaction, the chief operating officer now directly owns 100,230 shares of the company’s stock, valued at approximately $3,222,394.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kenneth Bradley Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the sale, the chief financial officer now directly owns 171,835 shares of the company’s stock, valued at approximately $5,471,226.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,494 shares of company stock worth $1,130,982. Company insiders own 1.30% of the company’s stock.
Institutional Investors Weigh In On Juniper Networks
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Blair William & Co. IL purchased a new stake in Juniper Networks in the 1st quarter valued at $520,000. Quantamental Technologies LLC purchased a new stake in shares of Juniper Networks in the first quarter valued at about $485,000. NewEdge Advisors LLC bought a new position in shares of Juniper Networks during the first quarter valued at about $469,000. Mirabella Financial Services LLP purchased a new position in Juniper Networks during the first quarter worth about $446,000. Finally, Virtu Financial LLC bought a new stake in Juniper Networks in the 1st quarter worth about $436,000. 92.78% of the stock is owned by institutional investors.
About Juniper Networks
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; wide-area network SDN controllers; and session smart routers.
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