Juniper Networks (NYSE:JNPR) received a $31.00 target price from stock analysts at Raymond James Financial in a report issued on Thursday. The firm presently has a “buy” rating on the network equipment provider’s stock. Raymond James Financial’s price objective would suggest a potential upside of 9.08% from the stock’s current price.

A number of other equities research analysts also recently weighed in on JNPR. Robert W. Baird restated a “hold” rating and issued a $26.00 target price on shares of Juniper Networks in a research report on Thursday, November 30th. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. BidaskClub cut shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a report on Tuesday, September 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $34.00 price target on shares of Juniper Networks in a research report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.25.

Shares of Juniper Networks (NYSE JNPR) traded up $0.46 during midday trading on Thursday, hitting $28.42. 4,307,200 shares of the stock traded hands, compared to its average volume of 5,267,732. Juniper Networks has a one year low of $23.87 and a one year high of $30.96. The stock has a market cap of $10,810.00, a PE ratio of 15.36, a PEG ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. sell-side analysts forecast that Juniper Networks will post 1.7 earnings per share for the current fiscal year.

In other Juniper Networks news, Director Rahul N. Merchant acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the acquisition, the director now directly owns 22,543 shares in the company, valued at $551,852.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rami Rahim sold 5,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Stifel Financial Corp lifted its stake in Juniper Networks by 9.1% during the 2nd quarter. Stifel Financial Corp now owns 124,872 shares of the network equipment provider’s stock valued at $3,480,000 after acquiring an additional 10,465 shares in the last quarter. Regentatlantic Capital LLC lifted its stake in Juniper Networks by 144.0% during the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after acquiring an additional 16,280 shares in the last quarter. Profund Advisors LLC lifted its stake in Juniper Networks by 19.4% during the 2nd quarter. Profund Advisors LLC now owns 99,561 shares of the network equipment provider’s stock valued at $2,776,000 after acquiring an additional 16,194 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Juniper Networks by 3.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 261,216 shares of the network equipment provider’s stock valued at $7,283,000 after acquiring an additional 7,854 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its stake in Juniper Networks by 23.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock valued at $31,600,000 after acquiring an additional 219,275 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Juniper Networks (JNPR) PT Set at $31.00 by Raymond James Financial” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/08/juniper-networks-jnpr-pt-set-at-31-00-by-raymond-james-financial.html.

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)

Receive News & Stock Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related stocks with our FREE daily email newsletter.