Juniper Networks (JNPR) Earning Somewhat Favorable News Coverage, Report Shows
News coverage about Juniper Networks (NYSE:JNPR) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Juniper Networks earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media stories about the network equipment provider an impact score of 45.3838189518466 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Juniper Networks, Inc. (JNPR) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
- Finjan Holdings (FNJN) Subsidiary to File Patent Infringement … – StreetInsider.com (streetinsider.com)
- Bullish Two Hundred Day Moving Average Cross – JNPR (nasdaq.com)
- Finjan Holdings (FNJN) Subsidiary to File Patent Infringement Lawsuit Against Juniper Networks (JNPR) in Northern District of California (streetinsider.com)
- Juniper Networks, Inc. (JNPR) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Juniper Networks (NYSE JNPR) opened at 28.45 on Friday. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 17.03 and a beta of 1.09. Juniper Networks has a one year low of $22.41 and a one year high of $30.96. The company has a 50-day moving average of $27.64 and a 200-day moving average of $28.48.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. Juniper Networks’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. On average, equities analysts forecast that Juniper Networks will post $2.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.41%. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
A number of research analysts have recently issued reports on JNPR shares. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, June 29th. Drexel Hamilton reaffirmed a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. BidaskClub cut Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. raised Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $30.00 price objective on shares of Juniper Networks in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks currently has an average rating of “Hold” and an average price target of $30.91.
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In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total value of $150,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total transaction of $438,880.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is owned by insiders.
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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