Juniper Networks (NYSE:JNPR) has been given a $31.00 target price by stock analysts at Raymond James Financial in a research note issued to investors on Thursday, December 7th. The brokerage currently has a “buy” rating on the network equipment provider’s stock. Raymond James Financial’s target price would suggest a potential upside of 8.01% from the company’s current price.
Several other research firms have also recently weighed in on JNPR. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, August 16th. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Bank of America cut Juniper Networks from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $31.00 in a research report on Wednesday, October 11th. Nomura cut Juniper Networks from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $27.00 in a research report on Thursday, October 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $26.00 price target (down previously from $28.00) on shares of Juniper Networks in a research report on Wednesday, October 25th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $29.04.
Juniper Networks (JNPR) traded up $0.20 during mid-day trading on Thursday, reaching $28.70. The company’s stock had a trading volume of 1,903,415 shares, compared to its average volume of 1,834,450. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70. Juniper Networks has a twelve month low of $23.87 and a twelve month high of $30.96. The stock has a market capitalization of $10,910.00, a PE ratio of 17.19, a P/E/G ratio of 2.65 and a beta of 1.10.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. equities research analysts forecast that Juniper Networks will post 1.7 earnings per share for the current year.
In other Juniper Networks news, CEO Rami Rahim sold 16,100 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.24, for a total value of $422,464.00. Following the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,322,487.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rahul N. Merchant bought 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the purchase, the director now directly owns 22,543 shares in the company, valued at $551,852.64. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in JNPR. Fuller & Thaler Asset Management Inc. bought a new position in Juniper Networks in the 3rd quarter worth about $111,000. Creative Planning increased its position in shares of Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after purchasing an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors increased its position in shares of Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new position in shares of Juniper Networks during the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 90.63% 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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