Juniper Networks, Inc. (JNPR) Stock Rating Reaffirmed by Jefferies Group LLC
Juniper Networks, Inc. (NYSE:JNPR)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a research note issued on Tuesday. They presently have a $30.25 target price on the network equipment provider’s stock. Jefferies Group LLC’s target price points to a potential upside of 5.44% from the company’s current price.
A number of other research analysts have also recently commented on JNPR. Zacks Investment Research cut Juniper Networks from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Royal Bank Of Canada restated a “hold” rating and set a $30.00 price objective on shares of Juniper Networks in a research note on Wednesday, August 2nd. UBS AG restated a “neutral” rating and set a $30.00 price objective (up previously from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Berenberg Bank restated a “buy” rating and set a $35.00 price objective on shares of Juniper Networks in a research note on Thursday, July 27th. Finally, BMO Capital Markets restated a “buy” rating and set a $34.00 price objective on shares of Juniper Networks in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and a consensus price target of $30.91.
Shares of Juniper Networks (NYSE JNPR) traded up 0.21% during midday trading on Tuesday, reaching $28.75. The company’s stock had a trading volume of 1,008,173 shares. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 17.21 and a beta of 1.09. The firm’s 50 day moving average is $27.62 and its 200 day moving average is $28.48. Juniper Networks has a 52 week low of $22.41 and a 52 week high of $30.96.
Juniper Networks (NYSE:JNPR) last issued 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 analysts’ expectations 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 quarter in the previous year, the firm posted $0.50 earnings per share. Equities analysts forecast that Juniper Networks will post $2.24 EPS for the current fiscal year.
In other news, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of the company’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 disclosure for this sale can be found here. Insiders have sold 35,044 shares of company stock valued at $974,774 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning boosted its position in shares of Juniper Networks by 0.4% during 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 period. Acrospire Investment Management LLC boosted its position in shares of Juniper Networks by 4.3% during the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after buying an additional 201 shares during the period. Petrus Trust Company LTA acquired a new position in shares of Juniper Networks during the second quarter worth approximately $204,000. Menta Capital LLC acquired a new position in shares of Juniper Networks during the first quarter worth approximately $205,000. Finally, River Wealth Advisors LLC acquired a new position in shares of Juniper Networks during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 90.16% of the company’s stock.
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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