Juniper Networks Inc. (JNPR) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “Juniper is a leading provider of networking solutions and communication devices. Although the company reported better-than-expected results for the second quarter of 2016, we have turned increasingly cautious about the stock’s near-term performance following its statement related to full-year operating margins. The company had revealed during its second-quarter conference call that while it will continue to control operating expenses, 2016 margins are expected to contract slightly. Furthermore, an uncertain global macro environment and the anticipation of potentially weak investment patterns among customers are major headwinds. Moreover, stiff competition and ongoing consolidation in the telecom market remain concerns.”
Several other research firms have also recently commented on JNPR. Oppenheimer Holdings Inc. reissued a hold rating on shares of Juniper Networks in a research report on Wednesday, July 27th. Citigroup Inc. lifted their target price on shares of Juniper Networks from $24.00 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, July 27th. Jefferies Group reissued a hold rating and set a $24.50 target price on shares of Juniper Networks in a research report on Wednesday, July 27th. BMO Capital Markets reissued a hold rating and set a $23.00 target price on shares of Juniper Networks in a research report on Tuesday, July 26th. Finally, Goldman Sachs Group Inc. reissued a buy rating and set a $31.00 target price on shares of Juniper Networks in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $27.33.
Shares of Juniper Networks (NYSE:JNPR) traded up 0.42% during midday trading on Tuesday, hitting $24.14. The company had a trading volume of 990,403 shares. Juniper Networks has a 12-month low of $21.18 and a 12-month high of $32.39. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 15.00 and a beta of 1.82. The company’s 50-day moving average price is $23.27 and its 200 day moving average price is $23.44.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 26th. The network equipment provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Juniper Networks had a net margin of 12.83% and a return on equity of 13.84%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that Juniper Networks will post $1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Tuesday, August 30th. Juniper Networks’s dividend payout ratio is currently 24.84%.
In other Juniper Networks news, Director Kevin A. Denuccio sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $23.43, for a total value of $234,300.00. Following the sale, the director now owns 11,074 shares in the company, valued at $259,463.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Terrance F. Spidell sold 3,089 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $24.11, for a total transaction of $74,475.79. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
Large investors have recently made changes to their positions in the company. Advisor Group Inc. acquired a new stake in shares of Juniper Networks during the second quarter worth $121,000. Global X Management Co. LLC boosted its stake in shares of Juniper Networks by 62.2% in the second quarter. Global X Management Co. LLC now owns 5,742 shares of the network equipment provider’s stock worth $129,000 after buying an additional 2,201 shares during the period. Creative Planning boosted its stake in shares of Juniper Networks by 24.1% in the second quarter. Creative Planning now owns 6,490 shares of the network equipment provider’s stock worth $146,000 after buying an additional 1,262 shares during the period. Societe Generale acquired a new stake in shares of Juniper Networks during the second quarter worth $157,000. Finally, FDO Partners LLC acquired a new stake in shares of Juniper Networks during the first quarter worth $221,000. Institutional investors and hedge funds own 85.22% 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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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