Juniper Networks (NYSE:JNPR) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Juniper Networks (NYSE:JNPRGet Free Report) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the network equipment provider’s stock.

Several other research firms also recently issued reports on JNPR. Jefferies Financial Group restated a “hold” rating and set a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. KeyCorp reissued a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Barclays reissued an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Finally, Rosenblatt Securities upped their price target on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.27.

Get Our Latest Report on JNPR

Juniper Networks Stock Performance

NYSE JNPR opened at $37.06 on Monday. The firm has a market capitalization of $11.93 billion, a P/E ratio of 39.01, a P/E/G ratio of 7.59 and a beta of 0.98. Juniper Networks has a 1-year low of $24.87 and a 1-year high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. The business’s 50-day simple moving average is $37.05 and its 200-day simple moving average is $31.63.

Juniper Networks (NYSE:JNPRGet Free Report) last announced its earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. Equities analysts predict that Juniper Networks will post 1.37 EPS for the current year.

Insider Activity at Juniper Networks

In other news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $29.29, for a total transaction of $162,735.24. Following the completion of the sale, the chief executive officer now directly owns 857,186 shares of the company’s stock, valued at $25,106,977.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Rami Rahim sold 5,556 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $29.29, for a total value of $162,735.24. Following the completion of the sale, the chief executive officer now directly owns 857,186 shares of the company’s stock, valued at approximately $25,106,977.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total value of $3,645,610.00. Following the completion of the sale, the chief operating officer now directly owns 73,684 shares of the company’s stock, valued at $2,726,308. The disclosure for this sale can be found here. Insiders sold 221,800 shares of company stock valued at $8,122,949 over the last 90 days. 1.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Juniper Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Impact Advisors LLC raised its position in Juniper Networks by 4.2% in the 4th quarter. Capital Impact Advisors LLC now owns 7,961 shares of the network equipment provider’s stock valued at $254,000 after purchasing an additional 318 shares during the last quarter. Hartford Financial Management Inc. increased its stake in shares of Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after buying an additional 330 shares during the period. Pathstone Family Office LLC grew its stake in shares of Juniper Networks by 1.5% during the fourth quarter. Pathstone Family Office LLC now owns 22,779 shares of the network equipment provider’s stock worth $728,000 after purchasing an additional 340 shares during the period. Blue Trust Inc. grew its stake in shares of Juniper Networks by 34.4% during the fourth 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 during the period. Finally, Hohimer Wealth Management LLC grew its stake in shares of Juniper Networks by 3.0% during the fourth quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock worth $371,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Company Profile

(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.

See Also

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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