Juniper Networks, Inc. (JNPR) Downgraded to “Positive” at OTR Global
Juniper Networks, Inc. (NYSE:JNPR) was downgraded by research analysts at OTR Global to a “positive” rating in a report issued on Friday.
Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Juniper Networks from a “c+” rating to a “b” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Friday, July 28th. Berenberg Bank reissued a “buy” rating and issued a $35.00 price objective on shares of Juniper Networks in a research note on Thursday, July 27th. Drexel Hamilton reissued a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. Finally, Instinet reissued a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.36.
Juniper Networks (NYSE JNPR) traded up 0.962% during midday trading on Friday, hitting $25.715. The stock had a trading volume of 1,763,958 shares. The company’s 50 day moving average is $27.61 and its 200 day moving average is $28.45. Juniper Networks has a 1-year low of $22.41 and a 1-year high of $30.96. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 15.389 and a beta of 1.09.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Juniper Networks will post $2.23 earnings per share for the current fiscal year.
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In other Juniper Networks news, CEO Rami Rahim sold 16,000 shares of Juniper Networks stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of Juniper Networks stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,044 shares of company stock valued at $974,774. Insiders own 3.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Achmea Investment Management B.V. increased its stake in Juniper Networks by 94.6% in the second quarter. Achmea Investment Management B.V. now owns 23,598 shares of the network equipment provider’s stock valued at $656,000 after purchasing an additional 11,474 shares in the last quarter. Toronto Dominion Bank increased its stake in Juniper Networks by 26.1% in the second quarter. Toronto Dominion Bank now owns 129,438 shares of the network equipment provider’s stock valued at $3,608,000 after purchasing an additional 26,792 shares in the last quarter. Oak Associates Ltd. OH increased its stake in Juniper Networks by 10.7% in the second quarter. Oak Associates Ltd. OH now owns 425,657 shares of the network equipment provider’s stock valued at $11,867,000 after purchasing an additional 41,000 shares in the last quarter. Koch Industries Inc. bought a new stake in Juniper Networks in the second quarter valued at $850,000. Finally, Piedmont Investment Advisors LLC increased its stake in Juniper Networks by 3.6% in the second quarter. Piedmont Investment Advisors LLC now owns 41,745 shares of the network equipment provider’s stock valued at $1,164,000 after purchasing an additional 1,440 shares in the last quarter. 90.16% of the stock is owned by hedge funds and other institutional investors.
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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