Juniper Networks (NYSE:JNPR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Juniper Networks (NYSE:JNPRGet Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the network equipment provider’s stock.

Other equities research analysts have also issued reports about the stock. UBS Group lowered their price target on shares of Juniper Networks from $34.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11th. Barclays reaffirmed an “equal weight” rating on shares of Juniper Networks in a report on Wednesday, January 10th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $40.00 target price (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.58.

Check Out Our Latest Research Report on Juniper Networks

Juniper Networks Stock Performance

Shares of JNPR stock opened at $37.00 on Tuesday. The business’s fifty day simple moving average is $33.30 and its 200-day simple moving average is $29.53. The company has a market cap of $11.91 billion, a PE ratio of 38.95, a PEG ratio of 7.36 and a beta of 0.99. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Juniper Networks has a 12-month low of $24.87 and a 12-month high of $38.04.

Juniper Networks (NYSE:JNPRGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. Analysts expect that Juniper Networks will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $27.72, for a total transaction of $415,800.00. Following the completion of the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $831,600. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Kenneth Bradley Miller sold 15,000 shares of the business’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 completion of the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $831,600. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.37, for a total transaction of $25,533.00. Following the completion of the sale, the director now directly owns 25,643 shares of the company’s stock, valued at $727,491.91. The disclosure for this sale can be found here. Insiders sold 54,732 shares of company stock valued at $1,701,975 in the last 90 days. Company insiders own 1.29% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Juniper Networks by 0.8% in the third quarter. Vanguard Group Inc. now owns 40,989,123 shares of the network equipment provider’s stock valued at $1,139,088,000 after purchasing an additional 325,418 shares during the period. BlackRock Inc. increased its stake in shares of Juniper Networks by 3.4% during the second quarter. BlackRock Inc. now owns 35,586,752 shares of the network equipment provider’s stock worth $1,114,933,000 after acquiring an additional 1,160,174 shares during the period. State Street Corp increased its stake in shares of Juniper Networks by 10.9% during the second quarter. State Street Corp now owns 16,412,994 shares of the network equipment provider’s stock worth $514,219,000 after acquiring an additional 1,613,651 shares during the period. Geode Capital Management LLC increased its stake in shares of Juniper Networks by 2.1% during the second quarter. Geode Capital Management LLC now owns 7,510,090 shares of the network equipment provider’s stock worth $234,732,000 after acquiring an additional 151,319 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Juniper Networks by 5.4% during the fourth quarter. Legal & General Group Plc now owns 6,719,498 shares of the network equipment provider’s stock worth $214,755,000 after acquiring an additional 344,059 shares during the period. 87.79% of the stock is currently owned by institutional investors and hedge funds.

About Juniper Networks

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.