Juniper Networks, Inc. (JNPR) Given “Hold” Rating at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of Juniper Networks, Inc. (NYSE:JNPR) in a research note published on Wednesday. Royal Bank Of Canada currently has a $30.00 target price on the network equipment provider’s stock.
Other equities analysts also recently issued reports about the stock. BMO Capital Markets reissued a buy rating and set a $34.00 price target on shares of Juniper Networks in a report on Wednesday, August 23rd. Zacks Investment Research cut shares of Juniper Networks from a buy rating to a hold rating in a research report on Monday, August 7th. UBS AG reiterated a neutral rating and set a $30.00 price target (up previously from $28.00) on shares of Juniper Networks in a research report on Wednesday, July 26th. Berenberg Bank reiterated a buy rating and set a $35.00 price target on shares of Juniper Networks in a research report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Juniper Networks from a hold rating to a buy rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Juniper Networks has an average rating of Hold and an average price target of $30.94.
Shares of Juniper Networks (JNPR) traded down 1.42% during midday trading on Wednesday, reaching $27.11. 499,879 shares of the company were exchanged. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 16.22 and a beta of 1.08. Juniper Networks has a 52-week low of $22.40 and a 52-week high of $30.96. The company’s 50-day moving average price is $27.97 and its 200 day moving average price is $28.56.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.50 EPS. Juniper Networks’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Juniper Networks will post $2.24 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.45%. Juniper Networks’s payout ratio is currently 23.39%.
In other news, CEO Rami Rahim sold 16,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total value of $438,880.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders sold 35,044 shares of company stock valued at $974,774 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JNPR. Creative Planning lifted its holdings in shares of Juniper Networks by 0.4% during the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Juniper Networks by 0.3% in the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after acquiring an additional 24 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Juniper Networks by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after acquiring an additional 60 shares during the period. Cadence Capital Management LLC lifted its holdings in Juniper Networks by 0.5% in the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after acquiring an additional 63 shares during the period. Finally, Tredje AP fonden lifted its holdings in Juniper Networks by 0.4% in the first quarter. Tredje AP fonden now owns 19,874 shares of the network equipment provider’s stock valued at $553,000 after acquiring an additional 74 shares during the period. 90.16% of the stock is currently 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, the Middle East and Africa, and Asia Pacific.
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