A number of research firms have changed their ratings and price targets for Juniper Networks (NYSE: JNPR):

  • 8/7/2017 – Juniper Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Juniper is gaining on strong adoption of its cloud products and robust performance from the QFX switch product line, which was evident from the second-quarter results. Both earnings and revenues increased on a year-over-year basis in the reported quarter. We note that the stock has outperformed the industry on a year-to-date basis. We believe that frequent product launches, cost reduction initiatives and improving execution are encouraging. However, management noted that pricing pressure, unfavorable product and customer mix along with higher DRAM memory prices will continue to hurt gross margin in the rest of 2017. Moreover lumpy router revenue growth is also a concern. Additionally, stiff competition and ongoing consolidation in the telecom market remain concerns.”
  • 8/2/2017 – Juniper Networks had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $30.00 price target on the stock.
  • 8/1/2017 – Juniper Networks was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – Juniper Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Juniper is gaining on strong adoption of its cloud products and robust performance from the QFX switch product line, which was evident from the second-quarter results. Both earnings and revenues increased on a year-over-year basis in the reported quarter. We note that the stock has outperformed the industry on a year-to-date basis. We believe that frequent product launches, cost reduction initiatives and improving execution are encouraging. However, management noted that pricing pressure, unfavorable product and customer mix along with higher DRAM memory prices will continue to hurt gross margin in the rest of 2017. Moreover lumpy router revenue growth is also a concern. Additionally, stiff competition and ongoing consolidation in the telecom market remain concerns.”
  • 7/28/2017 – Juniper Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Juniper is gaining on strong adoption of its cloud products and robust performance from the QFX switch product line, which was evident from the second-quarter results. Both earnings and revenues increased on a year-over-year basis in the reported quarter. We believe that frequent product launches, cost reduction initiatives and improving execution are encouraging. However, management noted that pricing pressure, unfavorable product and customer mix along with higher DRAM memory prices will continue to hurt gross margin in the rest of 2017. Moreover lumpy router revenue growth is also a concern. Additionally, stiff competition and ongoing consolidation in the telecom market remain concerns. We note that the stock has underperformed the industry on a year-to-date basis.”
  • 7/27/2017 – Juniper Networks had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a $35.00 price target on the stock.
  • 7/26/2017 – Juniper Networks was given a new $30.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 7/26/2017 – Juniper Networks had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $30.00 price target on the stock, up previously from $28.00.
  • 7/24/2017 – Juniper Networks was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 7/21/2017 – Juniper Networks was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating. They now have a $34.00 price target on the stock.
  • 7/20/2017 – Juniper Networks had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $37.00 price target on the stock. They wrote, “We believe Juniper will meet our 2Q:2017 revenue estimate of $1.294 billion (Street is at $1.284 billion) and slightly beat our EPS projection of $0.55 (Street is at $0.54). Our 2Q:2017 sales forecast represents a 6% QoQ increase and weaker than the five-year average rise of 9%.””
  • 7/10/2017 – Juniper Networks was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $34.00 price target on the stock, up previously from $31.00.
  • 7/4/2017 – Juniper Networks had its “buy” rating reaffirmed by analysts at Instinet. They now have a $33.00 price target on the stock.
  • 6/29/2017 – Juniper Networks was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.

Shares of Juniper Networks, Inc. (NYSE JNPR) traded down 3.14% on Thursday, reaching $27.44. The company had a trading volume of 8,143,459 shares. Juniper Networks, Inc. has a 12 month low of $22.40 and a 12 month high of $30.96. The stock has a 50 day moving average price of $28.52 and a 200-day moving average price of $28.55. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 16.42 and a beta of 1.07.

Juniper Networks (NYSE:JNPR) last posted its earnings results 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. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $0.50 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Analysts forecast that Juniper Networks, Inc. will post $2.24 EPS for the current fiscal year.

The firm 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. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s dividend payout ratio is currently 23.39%.

In related news, VP Terrance F. Spidell sold 3,313 shares of the firm’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 value of $91,736.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Terrance F. Spidell sold 10,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the completion of the sale, the vice president now owns 10,600 shares in the company, valued at $312,382. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,544 shares of company stock worth $3,232,192. 3.40% of the stock is owned by insiders.

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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