Deutsche Bank upgraded shares of Juniper Networks (NYSE:JNPR) from a hold rating to a buy rating in a report released on Monday, July 30th, MarketBeat.com reports. The firm currently has $32.00 target price on the network equipment provider’s stock, up from their prior target price of $25.00.
Several other analysts also recently weighed in on JNPR. Bank of America raised shares of Juniper Networks from a neutral rating to a buy rating and set a $28.00 price target for the company in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Juniper Networks from a strong sell rating to a hold rating in a research note on Tuesday, April 3rd. BMO Capital Markets downgraded shares of Juniper Networks from an outperform rating to a market perform rating and lowered their price objective for the stock from $30.00 to $27.00 in a research note on Friday, July 27th. Rosenblatt Securities started coverage on shares of Juniper Networks in a research note on Tuesday, May 8th. They set a neutral rating and a $28.00 price objective for the company. Finally, Macquarie started coverage on shares of Juniper Networks in a research report on Monday, April 30th. They set a neutral rating for the company. Seven equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $27.10.
NYSE:JNPR opened at $26.94 on Monday. The firm has a market capitalization of $9.30 billion, a PE ratio of 19.60, a P/E/G ratio of 3.86 and a beta of 0.93. The company has a quick ratio of 2.14, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. Juniper Networks has a one year low of $23.61 and a one year high of $29.95.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Thursday, July 26th. The network equipment provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Juniper Networks had a return on equity of 10.83% and a net margin of 3.70%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business posted $0.57 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. sell-side analysts expect that Juniper Networks will post 1.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Tuesday, September 4th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, August 31st. Juniper Networks’s dividend payout ratio is presently 41.62%.
In related news, CEO Rami Rahim sold 5,300 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $26.40, for a total value of $139,920.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vincent Molinaro sold 6,243 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $27.00, for a total transaction of $168,561.00. Following the completion of the transaction, the executive vice president now directly owns 28,417 shares in the company, valued at $767,259. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,543 shares of company stock worth $734,721. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Capital Group LLC grew its position in Juniper Networks by 6,618.0% during the 1st quarter. Private Capital Group LLC now owns 4,098 shares of the network equipment provider’s stock worth $100,000 after purchasing an additional 4,037 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Juniper Networks during the 2nd quarter worth $112,000. Whittier Trust Co. grew its position in Juniper Networks by 794.3% during the 2nd quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock worth $162,000 after purchasing an additional 5,862 shares during the last quarter. NuWave Investment Management LLC grew its position in Juniper Networks by 19,475.0% during the 1st quarter. NuWave Investment Management LLC now owns 8,613 shares of the network equipment provider’s stock worth $209,000 after purchasing an additional 8,569 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Juniper Networks during the 2nd quarter worth $225,000. 92.19% of the stock is currently owned by hedge funds and other institutional investors.
About Juniper Networks
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.
Read More: Understanding Relative Strength Index
Receive News & Ratings for Juniper Networks Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Juniper Networks and related companies with MarketBeat.com’s FREE daily email newsletter.