Juniper Networks (JNPR) Earns Hold Rating from Analysts at Stifel Nicolaus
Stifel Nicolaus began coverage on shares of Juniper Networks (NYSE:JNPR) in a research note issued to investors on Thursday, MarketBeat reports. The firm issued a hold rating and a $28.00 price objective on the network equipment provider’s stock.
JNPR has been the subject of several other reports. ValuEngine upgraded Juniper Networks from a hold rating to a buy rating in a research note on Thursday, November 30th. Robert W. Baird reiterated a hold rating and set a $26.00 price objective on shares of Juniper Networks in a research note on Thursday, November 30th. BidaskClub upgraded Juniper Networks from a sell rating to a hold rating in a research note on Thursday, October 5th. Jefferies Group reiterated a hold rating and set a $30.25 price objective on shares of Juniper Networks in a research note on Tuesday, October 3rd. Finally, Raymond James Financial set a $31.00 price objective on Juniper Networks and gave the stock a buy rating in a research note on Thursday, December 7th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $29.04.
Juniper Networks (NYSE JNPR) opened at $28.40 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market capitalization of $10,647.96, a price-to-earnings ratio of 15.60, a P/E/G ratio of 2.64 and a beta of 1.10. Juniper Networks has a 12 month low of $23.87 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. research analysts predict that Juniper Networks will post 1.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.
In other Juniper Networks news, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the purchase, the director now owns 22,543 shares in the company, valued at approximately $551,852.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 16,100 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total value of $422,464.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Several large investors have recently made changes to their positions in JNPR. NGAM Advisors L.P. boosted its holdings in Juniper Networks by 15.9% in the second quarter. NGAM Advisors L.P. now owns 11,997 shares of the network equipment provider’s stock valued at $334,000 after acquiring an additional 1,650 shares during the last quarter. Sei Investments Co. boosted its holdings in Juniper Networks by 5.3% in the second quarter. Sei Investments Co. now owns 121,820 shares of the network equipment provider’s stock valued at $3,396,000 after acquiring an additional 6,163 shares during the last quarter. IFP Advisors Inc boosted its holdings in Juniper Networks by 163.1% in the second quarter. IFP Advisors Inc now owns 11,714 shares of the network equipment provider’s stock valued at $327,000 after acquiring an additional 7,261 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Juniper Networks by 0.9% in the second quarter. TD Asset Management Inc. now owns 296,391 shares of the network equipment provider’s stock valued at $8,263,000 after acquiring an additional 2,573 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in Juniper Networks by 1.5% in the second quarter. Pictet Asset Management Ltd. now owns 226,922 shares of the network equipment provider’s stock valued at $6,656,000 after acquiring an additional 3,400 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.
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About Juniper Networks
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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