Juniper Networks Inc. (NYSE:JNPR)‘s stock had its “conviction-buy” rating restated by research analysts at Goldman Sachs Group Inc. in a report released on Tuesday.

JNPR has been the subject of several other reports. Robert W. Baird reissued a “hold” rating on shares of Juniper Networks in a report on Wednesday, October 26th. FBN Securities reissued a “sector perform” rating and set a $28.00 price target (up from $25.00) on shares of Juniper Networks in a report on Saturday, October 29th. Deutsche Bank AG reissued a “sell” rating on shares of Juniper Networks in a report on Thursday, October 20th. Jefferies Group reaffirmed a “hold” rating and issued a $24.50 price objective on shares of Juniper Networks in a report on Wednesday, July 27th. Finally, Barclays PLC reaffirmed a “hold” rating on shares of Juniper Networks in a report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.68.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

Juniper Networks (NYSE:JNPR) opened at 26.39 on Tuesday. The firm has a 50-day moving average price of $24.89 and a 200-day moving average price of $23.55. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 17.09 and a beta of 1.24. Juniper Networks has a 1-year low of $21.18 and a 1-year high of $30.55.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, October 25th. The network equipment provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The business earned $1.29 billion during the quarter, compared to analysts’ expectations of $626.94 million. Juniper Networks had a return on equity of 13.47% and a net margin of 12.22%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. On average, analysts expect that Juniper Networks will post $2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 29th. Juniper Networks’s dividend payout ratio is currently 25.81%.

In other Juniper Networks news, Director Scott Kriens sold 1,250,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $26.33, for a total transaction of $32,912,500.00. Following the completion of the sale, the director now directly owns 130,122 shares of the company’s stock, valued at approximately $3,426,112.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Stensrud sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $25.50, for a total value of $510,000.00. Following the sale, the director now directly owns 5,531 shares of the company’s stock, valued at $141,040.50. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of JNPR. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Juniper Networks by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 13,475 shares of the network equipment provider’s stock worth $303,000 after buying an additional 34 shares in the last quarter. Leisure Capital Management raised its stake in shares of Juniper Networks by 0.5% in the third quarter. Leisure Capital Management now owns 24,828 shares of the network equipment provider’s stock worth $597,000 after buying an additional 121 shares in the last quarter. GAM Holding AG raised its stake in shares of Juniper Networks by 0.3% in the second quarter. GAM Holding AG now owns 51,320 shares of the network equipment provider’s stock worth $1,154,000 after buying an additional 175 shares in the last quarter. Conning Inc. raised its stake in shares of Juniper Networks by 2.3% in the second quarter. Conning Inc. now owns 9,767 shares of the network equipment provider’s stock worth $220,000 after buying an additional 220 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Juniper Networks by 0.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 78,434 shares of the network equipment provider’s stock valued at $1,764,000 after buying an additional 242 shares in the last quarter. 85.62% 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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).

5 Day Chart for NYSE:JNPR

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