Juniper Networks (JNPR) Shares Gap Down to $29.61
Shares of Juniper Networks, Inc. (NYSE:JNPR) gapped down before the market opened on Friday . The stock had previously closed at $32.17, but opened at $29.61. Juniper Networks shares last traded at $27.76, with a volume of 33462000 shares traded.
Several research firms recently issued reports on JNPR. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Wednesday, August 16th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday. Robert W. Baird reiterated a “hold” rating and set a $26.00 target price on shares of Juniper Networks in a research report on Thursday. BMO Capital Markets cut their target price on Juniper Networks from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, October 12th. Finally, Bank of America cut Juniper Networks from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $31.00 in a research report on Wednesday, October 11th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Juniper Networks presently has an average rating of “Hold” and a consensus price target of $29.42.
The firm has a market cap of $10,790.00, a P/E ratio of 15.49, a PEG ratio of 2.24 and a beta of 1.05. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $0.58 earnings per share. Juniper Networks’s revenue for the quarter was down 2.1% on a year-over-year basis. equities research analysts anticipate that Juniper Networks, Inc. will post 1.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 23.95%.
In related news, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rahul N. Merchant purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, with a total value of $48,960.00. Following the completion of the purchase, the director now directly owns 22,543 shares in the company, valued at approximately $551,852.64. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Juniper Networks during the 3rd quarter worth approximately $111,000. Creative Planning lifted its stake in shares of Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after acquiring an additional 21 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in shares of Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after acquiring an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors lifted its stake in shares of Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock worth $196,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of Juniper Networks during the 2nd quarter worth approximately $204,000. 90.96% of the stock is owned by hedge funds and other institutional investors.
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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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