BMO Capital Markets reaffirmed their buy rating on shares of Juniper Networks (NYSE:JNPR) in a research report report published on Sunday morning. They currently have a $29.00 target price on the network equipment provider’s stock.

Several other equities research analysts have also 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 report on Wednesday, January 31st. TheStreet downgraded Juniper Networks from a b rating to a c+ rating in a research report on Thursday, February 8th. Goldman Sachs Group started coverage on Juniper Networks in a research report on Wednesday, February 7th. They issued a neutral rating and a $26.00 price target on the stock. Loop Capital dropped their price target on Juniper Networks to $26.00 and set a neutral rating on the stock in a research report on Wednesday, January 31st. Finally, Nomura dropped their price target on Juniper Networks from $26.00 to $25.00 and set a neutral rating on the stock in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. Juniper Networks presently has a consensus rating of Hold and an average target price of $28.61.

Shares of Juniper Networks (NYSE JNPR) opened at $26.17 on Friday. Juniper Networks has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $9,810.00, a P/E ratio of 32.31, a P/E/G ratio of 2.99 and a beta of 0.89.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. analysts predict that Juniper Networks will post 1.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.75%. Juniper Networks’s payout ratio is currently 49.38%.

Juniper Networks announced that its board has initiated a share repurchase plan on Tuesday, January 30th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Large investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. bought a new stake in Juniper Networks in the third quarter valued at $111,000. Cerebellum GP LLC bought a new stake in Juniper Networks in the fourth quarter valued at $128,000. Exane Derivatives grew its position in Juniper Networks by 278.1% in the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock valued at $161,000 after acquiring an additional 4,143 shares during the period. Balter Liquid Alternatives LLC bought a new stake in Juniper Networks in the fourth quarter valued at $163,000. Finally, Stevens First Principles Investment Advisors grew its position in Juniper Networks by 40.9% in the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after acquiring an additional 2,045 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

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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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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