Juniper Networks (JNPR) Earning Somewhat Positive Press Coverage, Study Finds
Media stories about Juniper Networks (NYSE:JNPR) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Juniper Networks earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the network equipment provider an impact score of 45.6954357546732 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Juniper Networks snaps up Santa Clara security software startup (bizjournals.com)
- Juniper Networks, Inc. (JNPR) stock move of -0.04% – Stocks Gallery (stocksgallery.com)
- Comparing Juniper Networks, Inc. (JNPR) and Finisar Corporation (FNSR) – StockNewsGazette (stocknewsgazette.com)
- Juniper Networks, Inc. (JNPR) CEO Rami Rahim Sells 5,400 Shares (americanbankingnews.com)
- Insider Selling: Juniper Networks, Inc. (JNPR) CEO Sells 5,300 Shares of Stock (americanbankingnews.com)
JNPR has been the topic of several recent research reports. TheStreet cut shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Drexel Hamilton reaffirmed a “buy” rating and set a $37.00 target price on shares of Juniper Networks in a report on Thursday, July 20th. BidaskClub cut shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Raymond James Financial, Inc. raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Friday, July 21st. Finally, Pacific Crest initiated coverage on shares of Juniper Networks in a report on Monday, June 5th. They set a “sector weight” rating and a $31.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.94.
Shares of Juniper Networks (NYSE JNPR) traded down 0.18% during trading on Friday, hitting $27.68. 1,497,864 shares of the stock were exchanged. Juniper Networks has a 52 week low of $22.40 and a 52 week high of $30.96. The stock’s 50 day moving average price is $28.09 and its 200 day moving average price is $28.56. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 16.56 and a beta of 1.07.
Juniper Networks (NYSE:JNPR) last announced its quarterly 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 business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. On average, equities analysts predict that Juniper Networks will post $2.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.45%. Juniper Networks’s payout ratio is currently 23.39%.
In other Juniper Networks news, CEO Rami Rahim sold 16,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,881,320.01. The sale 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 on Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,044 shares of company stock valued at $974,774 in the last three months. 3.40% of the stock is currently owned by corporate insiders.
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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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