Juniper Networks, Inc. (NYSE:JNPR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Juniper lowered third-quarter 2017 revenue and earnings estimates citing weak sales in the cloud computing segment. The company is facing significant pricing pressure amid intensifying competition in the network equipment market. Moreover, as stated by management, Juniper’s expansion into low-margin Asia-Pacific market negatively impacted customer mix. Further, growing proportion of low-margin switch business in the product mix as compared with high-margin router business is a headwind for gross margin expansion. Additionally, higher DRAM memory prices are expected to hurt gross margin in the rest of 2017. Notably, the stock has underperformed the industry it belongs to. Nevertheless, frequent product launches, cost reduction initiatives and improving execution are encouraging. Moreover, estimates have been going down ahead of the Q3 earnings release. “

Several other brokerages also recently weighed in on JNPR. BidaskClub upgraded shares of Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Bank of America Corporation downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $31.00 in a research report on Wednesday, October 11th. Nomura downgraded shares of Juniper Networks from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $27.00 in a research report on Thursday, October 12th. Drexel Hamilton restated a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, Berenberg Bank restated a “buy” rating and set a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.39.

Juniper Networks (NYSE JNPR) opened at 26.11 on Monday. The firm has a 50 day moving average of $27.56 and a 200-day moving average of $28.45. Juniper Networks has a 12-month low of $22.41 and a 12-month high of $30.96. The stock has a market cap of $9.93 billion, a PE ratio of 15.63 and a beta of 1.09.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. On average, analysts expect that Juniper Networks will post $2.17 earnings per share for the current year.

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In related news, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total value of $91,736.97. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Vincent Molinaro sold 5,031 shares of the stock in a transaction dated 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 three months, insiders sold 35,044 shares of company stock worth $974,774. 2.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JNPR. Victory Capital Management Inc. boosted its stake in shares of Juniper Networks by 27.7% during the 1st quarter. Victory Capital Management Inc. now owns 45,553 shares of the network equipment provider’s stock worth $1,268,000 after purchasing an additional 9,873 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Juniper Networks by 11.0% during the 1st quarter. OppenheimerFunds Inc. now owns 22,288 shares of the network equipment provider’s stock worth $620,000 after purchasing an additional 2,214 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Juniper Networks by 9.4% during the 1st quarter. Principal Financial Group Inc. now owns 643,165 shares of the network equipment provider’s stock worth $17,899,000 after purchasing an additional 55,120 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Juniper Networks by 65.8% during the 1st quarter. Teachers Advisors LLC now owns 1,837,278 shares of the network equipment provider’s stock worth $51,131,000 after purchasing an additional 729,434 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Juniper Networks by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 55,226 shares of the network equipment provider’s stock worth $1,536,000 after purchasing an additional 1,784 shares during the last quarter. 90.14% of the stock is currently 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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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