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

StockNews.com initiated coverage on shares of Juniper Networks (NYSE:JNPRFree Report) in a report issued on Friday. The brokerage issued a hold rating on the network equipment provider’s stock.

A number of other equities analysts have also weighed in on JNPR. Needham & Company LLC reaffirmed a hold rating on shares of Juniper Networks in a research note on Friday, April 26th. Argus raised shares of Juniper Networks from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Tuesday, June 18th. Finally, Barclays upped their target price on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an equal weight rating in a research note on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $35.00.

View Our Latest Report on JNPR

Juniper Networks Price Performance

Shares of JNPR stock opened at $36.46 on Friday. Juniper Networks has a 12-month low of $24.87 and a 12-month high of $38.04. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 52.84, a price-to-earnings-growth ratio of 9.30 and a beta of 0.96. The company has a quick ratio of 1.27, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $35.13 and a 200-day moving average of $35.33.

Juniper Networks (NYSE:JNPRGet Free Report) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. On average, equities research analysts forecast that Juniper Networks will post 1.08 earnings per share for the current year.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.41%. Juniper Networks’s payout ratio is 127.54%.

Insider Activity

In other news, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $37.04, for a total value of $205,757.20. Following the sale, the chief executive officer now directly owns 1,014,539 shares of the company’s stock, valued at approximately $37,578,524.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $37.04, for a total value of $205,757.20. Following the transaction, the chief executive officer now directly owns 1,014,539 shares of the company’s stock, valued at approximately $37,578,524.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kenneth Bradley Miller sold 15,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total transaction of $517,050.00. Following the completion of the transaction, the chief financial officer now directly owns 69,435 shares in the company, valued at $2,393,424.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,330 shares of company stock valued at $1,708,320. 1.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in shares of Juniper Networks during the 4th quarter worth approximately $28,000. Hartford Financial Management Inc. grew its position in shares of Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after purchasing an additional 330 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Juniper Networks during the 4th quarter worth approximately $35,000. Blue Trust Inc. grew its position in shares of Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after purchasing an additional 368 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Juniper Networks during the 1st quarter worth approximately $43,000. 91.95% of the stock is owned by institutional investors.

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.

Recommended Stories

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.