Juniper Networks, Inc. (JNPR) CEO Rami Rahim Sells 5,400 Shares
Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total transaction of $147,636.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares in the company, valued at $12,839,055.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Rami Rahim also recently made the following trade(s):
- On Monday, August 28th, Rami Rahim sold 5,300 shares of Juniper Networks stock. The stock was sold at an average price of $27.47, for a total transaction of $145,591.00.
- On Wednesday, August 30th, Rami Rahim sold 16,000 shares of Juniper Networks stock. The stock was sold at an average price of $27.43, for a total transaction of $438,880.00.
Juniper Networks, Inc. (JNPR) traded up 1.13% during mid-day trading on Wednesday, reaching $27.64. 2,508,867 shares of the company’s stock traded hands. The stock has a market cap of $10.51 billion, a P/E ratio of 16.54 and a beta of 1.07. The firm has a 50-day moving average price of $28.29 and a 200-day moving average price of $28.56. Juniper Networks, Inc. has a 1-year low of $22.40 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $1.31 billion during 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%. Juniper Networks’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. Equities research analysts anticipate that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.
The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, August 30th. Juniper Networks’s payout ratio is currently 23.39%.
A number of analysts recently commented on the stock. Standpoint Research downgraded shares of Juniper Networks from a “buy” rating to a “reduce” rating in a report on Wednesday, May 3rd. ValuEngine upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. KeyCorp assumed coverage on shares of Juniper Networks in a report on Monday, June 5th. They issued a “hold” rating and a $31.00 target price on the stock. Pacific Crest assumed coverage on shares of Juniper Networks in a report on Monday, June 5th. They issued a “sector weight” rating and a $31.00 target price on the stock. Finally, UBS AG reiterated a “neutral” rating and issued a $30.00 target price (up from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.94.
A number of large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock worth $130,000 after buying an additional 4,189 shares during the last quarter. Creative Planning raised its stake 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 buying an additional 21 shares during the last quarter. Petrus Trust Company LTA bought a new stake in Juniper Networks during the second quarter worth approximately $204,000. Menta Capital LLC bought a new stake in Juniper Networks during the first quarter worth approximately $205,000. Finally, River Wealth Advisors LLC bought a new stake in Juniper Networks during the second quarter worth approximately $206,000. 90.16% of the stock is owned by institutional investors and hedge funds.
Juniper Networks Company Profile
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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