Juniper Networks Inc. (JNPR) Short Interest Up 31.2% in October
Juniper Networks Inc. (NYSE:JNPR) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 12,147,446 shares, an increase of 31.2% from the October 14th total of 9,256,815 shares. Based on an average trading volume of 6,626,748 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.3% of the company’s stock are short sold.
A number of equities analysts recently weighed in on JNPR shares. Zacks Investment Research raised shares of Juniper Networks from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $26.00 price objective (up from $24.00) on shares of Juniper Networks in a report on Thursday, October 27th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Juniper Networks in a report on Thursday, October 20th. Goldman Sachs Group Inc. raised shares of Juniper Networks from a “buy” rating to a “conviction-buy” rating and set a $31.00 price objective on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Juniper Networks in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.44.
In related news, EVP Pradeep Sindhu sold 76,900 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $25.29, for a total value of $1,944,801.00. Following the transaction, the executive vice president now directly owns 20,798 shares of the company’s stock, valued at approximately $525,981.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Davidson sold 54,870 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $23.34, for a total transaction of $1,280,665.80. Following the completion of the transaction, the executive vice president now directly owns 60,050 shares in the company, valued at $1,401,567. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Stevens First Principles Investment Advisors purchased a new stake in shares of Juniper Networks during the third quarter valued at $120,000. Advisor Group Inc. purchased a new stake in shares of Juniper Networks during the second quarter valued at $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 valued at $129,000 after buying an additional 2,201 shares in the last quarter. 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 valued at $146,000 after buying an additional 1,262 shares in the last quarter. Finally, SRB Corp boosted its stake in shares of Juniper Networks by 6.7% in the third quarter. SRB Corp now owns 6,681 shares of the network equipment provider’s stock valued at $161,000 after buying an additional 419 shares in the last quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.
Shares of Juniper Networks (NYSE:JNPR) opened at 26.24 on Friday. Juniper Networks has a 12-month low of $21.17 and a 12-month high of $30.80. The company has a 50-day moving average price of $24.63 and a 200 day moving average price of $23.44. The company has a market capitalization of $9.98 billion, a P/E ratio of 16.99 and a beta of 1.24.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 25th. The network equipment provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $626.94 million. Juniper Networks had a return on equity of 13.47% and a net margin of 12.22%. Juniper Networks’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. On average, equities analysts anticipate that Juniper Networks will post $2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 29th. Juniper Networks’s dividend payout ratio is 25.81%.
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).
Receive News & Stock Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related stocks with our FREE daily email newsletter.