Juniper Networks, Inc. (NYSE:JNPR – Get Free Report) CFO Kenneth Bradley Miller sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $27.72, for a total value of $415,800.00. Following the sale, the chief financial officer now owns 30,000 shares of the company’s stock, valued at approximately $831,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Juniper Networks Stock Performance
Juniper Networks stock opened at $26.86 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.73 and a quick ratio of 1.29. The firm has a market capitalization of $8.56 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93. Juniper Networks, Inc. has a 1-year low of $24.87 and a 1-year high of $34.53. The company’s 50-day moving average is $27.06 and its 200 day moving average is $28.70.
Juniper Networks Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio is currently 78.57%.
Hedge Funds Weigh In On Juniper Networks
Analysts Set New Price Targets
Several analysts recently issued reports on JNPR shares. Morgan Stanley cut their target price on shares of Juniper Networks from $28.00 to $27.00 and set an “underweight” rating for the company in a research report on Friday, October 27th. Piper Sandler reduced their price objective on Juniper Networks from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, July 28th. Raymond James lowered their target price on Juniper Networks from $37.00 to $35.00 in a research report on Friday, July 28th. Citigroup lowered their price objective on Juniper Networks from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, July 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of Juniper Networks in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.00.
About Juniper Networks
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.
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