Brokerages Set Juniper Networks, Inc. (NYSE:JNPR) PT at $30.28
Shares of Juniper Networks, Inc. (NYSE:JNPR) have received a consensus rating of “Hold” from the thirty-one brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $30.51.
A number of brokerages recently commented on JNPR. Pacific Crest began coverage on Juniper Networks in a report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $30.00 target price (up from $27.00) on shares of Juniper Networks in a report on Saturday, April 29th. Drexel Hamilton reaffirmed a “buy” rating and issued a $37.00 target price on shares of Juniper Networks in a report on Thursday. Cowen and Company raised their target price on Juniper Networks from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating on shares of Juniper Networks in a report on Saturday, April 22nd.
Shares of Juniper Networks (JNPR) traded up 0.72% during mid-day trading on Tuesday, reaching $29.43. The company had a trading volume of 4,103,278 shares. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 18.61 and a beta of 1.08. Juniper Networks has a one year low of $22.12 and a one year high of $30.96. The company has a 50 day moving average price of $28.85 and a 200 day moving average price of $28.52.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. On average, analysts anticipate that Juniper Networks will post $2.23 EPS for the current year.
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In other Juniper Networks news, Director Pradeep Sindhu sold 76,900 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $30.53, for a total value of $2,347,757.00. Following the completion of the transaction, the director now owns 40,773 shares in the company, valued at $1,244,799.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rami Rahim sold 10,700 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $30.64, for a total transaction of $327,848.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $14,388,758.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,892 shares of company stock valued at $5,728,423. Insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of Juniper Networks during the second quarter valued at about $509,000. APG Asset Management N.V. boosted its stake in shares of Juniper Networks by 2.8% in the second quarter. APG Asset Management N.V. now owns 3,164,866 shares of the network equipment provider’s stock valued at $88,236,000 after buying an additional 84,780 shares in the last quarter. BB&T Corp boosted its stake in shares of Juniper Networks by 25.2% in the second quarter. BB&T Corp now owns 189,411 shares of the network equipment provider’s stock valued at $5,280,000 after buying an additional 38,151 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Juniper Networks by 5.6% in the second quarter. Oakbrook Investments LLC now owns 30,740 shares of the network equipment provider’s stock valued at $857,000 after buying an additional 1,640 shares in the last quarter. Finally, BTIM Corp. boosted its stake in shares of Juniper Networks by 5.0% in the second quarter. BTIM Corp. now owns 293,657 shares of the network equipment provider’s stock valued at $8,187,000 after buying an additional 13,981 shares in the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.
Juniper Networks Company Profile
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.
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