Berenberg Bank Reiterates “Buy” Rating for Juniper Networks, Inc. (NYSE:JNPR)
Berenberg Bank reaffirmed their buy rating on shares of Juniper Networks, Inc. (NYSE:JNPR) in a report published on Thursday. Berenberg Bank currently has a $35.00 price target on the network equipment provider’s stock.
JNPR has been the subject of several other research reports. TheStreet cut Juniper Networks from a b rating to a c+ rating in a report on Thursday, June 29th. Barclays PLC reiterated an equal weight rating on shares of Juniper Networks in a research note on Saturday, April 22nd. Standpoint Research cut Juniper Networks from a buy rating to a reduce rating in a research note on Wednesday, May 3rd. Zacks Investment Research cut Juniper Networks from a hold rating to a sell rating in a research note on Friday, April 28th. Finally, Cowen and Company lifted their price objective on Juniper Networks from $30.00 to $32.00 and gave the company a market perform rating in a research note on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks currently has a consensus rating of Hold and a consensus price target of $30.89.
Shares of Juniper Networks (NYSE:JNPR) traded up 0.65% on Thursday, hitting $27.95. The company had a trading volume of 2,546,217 shares. The company has a 50 day moving average price of $28.66 and a 200 day moving average price of $28.52. Juniper Networks has a 1-year low of $22.12 and a 1-year high of $30.96. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 16.73 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm 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 company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. On average, equities analysts forecast that Juniper Networks will post $2.24 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 1.44%. Juniper Networks’s dividend payout ratio is currently 23.39%.
In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Terrance F. Spidell sold 10,600 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $29.47, for a total value of $312,382.00. Following the sale, the vice president now directly owns 10,600 shares in the company, valued at $312,382. The disclosure for this sale can be found here. Insiders sold 180,131 shares of company stock worth $5,488,212 over the last quarter. 3.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of Juniper Networks during the second quarter valued at $719,000. State of Alaska Department of Revenue bought a new stake in shares of Juniper Networks during the first quarter valued at $423,000. NN Investment Partners Holdings N.V. boosted its stake in shares of Juniper Networks by 47.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 474,851 shares of the network equipment provider’s stock valued at $13,239,000 after buying an additional 152,412 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Juniper Networks by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock valued at $2,858,000 after buying an additional 2,400 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of Juniper Networks by 7.6% in the first quarter. Norinchukin Bank The now owns 24,823 shares of the network equipment provider’s stock valued at $691,000 after buying an additional 1,751 shares during the last quarter. 90.08% of the stock is currently owned by 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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