Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “hold” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued to investors on Tuesday.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, August 16th. Pacific Crest began coverage on Juniper Networks in a research note on Monday, June 5th. They issued a “sector weight” rating and a $31.00 price objective on the stock. BidaskClub lowered Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Juniper Networks in a research note on Wednesday, September 6th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and two have assigned 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 (NYSE JNPR) traded up 2.04% during mid-day trading on Tuesday, hitting $27.53. The stock had a trading volume of 4,870,043 shares. Juniper Networks has a 1-year low of $22.40 and a 1-year high of $30.96. The stock’s 50-day moving average is $27.78 and its 200-day moving average is $28.53. The firm has a market capitalization of $10.47 billion, a PE ratio of 16.48 and a beta of 1.08.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities analysts expect that Juniper Networks will post $2.24 earnings per share for the current year.

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In other Juniper Networks news, CEO Rami Rahim sold 16,000 shares of the business’s 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 transaction, the chief executive officer now 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 can be accessed through the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The disclosure for this sale can be found here. Insiders have sold 35,044 shares of company stock valued at $974,774 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Creative Planning boosted its position in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the last quarter. D.A. Davidson & CO. boosted its position 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 worth $232,000 after purchasing an additional 24 shares during the last quarter. Contravisory Investment Management Inc. boosted its position 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 worth $268,000 after purchasing an additional 60 shares during the last quarter. Cadence Capital Management LLC boosted its position 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 worth $360,000 after purchasing an additional 63 shares during the last quarter. Finally, Tredje AP fonden boosted its position 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 worth $553,000 after purchasing an additional 74 shares during the last quarter. 90.16% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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