Juniper Networks’ (JNPR) Buy Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of Juniper Networks Inc. (NYSE:JNPR) in a research report sent to investors on Friday. They currently have a $33.00 price target on the network equipment provider’s stock.
Other research analysts have also issued research reports about the company. Goldman Sachs Group Inc. upgraded Juniper Networks from a buy rating to a conviction-buy rating and set a $31.00 price target on the stock in a report on Wednesday, November 16th. Zacks Investment Research upgraded Juniper Networks from a sell rating to a hold rating in a report on Tuesday, September 27th. Deutsche Bank AG reiterated a sell rating on shares of Juniper Networks in a report on Thursday, October 20th. Morgan Stanley lowered Juniper Networks from an equal weight rating to an underweight rating and cut their price target for the stock from $24.00 to $20.00 in a report on Tuesday, November 1st. Finally, Drexel Hamilton reissued a buy rating and issued a $36.00 price objective on shares of Juniper Networks in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $27.68.
Shares of Juniper Networks (NYSE:JNPR) traded down 0.133% on Friday, hitting $26.315. The stock had a trading volume of 840,042 shares. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 17.043 and a beta of 1.24. Juniper Networks has a 52 week low of $21.18 and a 52 week high of $30.80. The company has a 50-day moving average of $24.71 and a 200 day moving average of $23.46.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, October 25th. The network equipment provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. Juniper Networks had a return on equity of 13.47% and a net margin of 12.22%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $626.94 million. During the same quarter in the prior year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Juniper Networks will post $2.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, November 29th. Juniper Networks’s payout ratio is 25.81%.
In related news, Director Scott Kriens sold 750,000 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $23.46, for a total value of $17,595,000.00. Following the completion of the transaction, the director now owns 130,122 shares of the company’s stock, valued at approximately $3,052,662.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 45,000 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $26.16, for a total transaction of $1,177,200.00. Following the completion of the transaction, the chief executive officer now directly owns 479,607 shares of the company’s stock, valued at approximately $12,546,519.12. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors increased its position in shares of Juniper Networks by 8.4% in the second quarter. Capital Research Global Investors now owns 35,782,914 shares of the network equipment provider’s stock worth $804,758,000 after buying an additional 2,779,852 shares during the last quarter. Vanguard Group Inc. raised its stake in Juniper Networks by 2.2% in the second quarter. Vanguard Group Inc. now owns 32,518,037 shares of the network equipment provider’s stock worth $731,330,000 after buying an additional 695,938 shares during the period. Capital World Investors raised its stake in Juniper Networks by 69.8% in the second quarter. Capital World Investors now owns 19,514,045 shares of the network equipment provider’s stock worth $438,871,000 after buying an additional 8,024,069 shares during the period. State Street Corp raised its stake in Juniper Networks by 4.7% in the second quarter. State Street Corp now owns 15,796,017 shares of the network equipment provider’s stock worth $355,247,000 after buying an additional 712,344 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Juniper Networks by 7.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,454,124 shares of the network equipment provider’s stock worth $251,526,000 after buying an additional 720,330 shares during the period. 85.62% of the stock is owned by hedge funds and other institutional investors.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
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