Juniper Networks (NYSE:JNPR) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Juniper Networks (NYSE:JNPR) in a research report released on Wednesday. The firm issued a hold rating on the network equipment provider’s stock.

JNPR has been the subject of a number of other research reports. Argus upgraded shares of Juniper Networks from a hold rating to a buy rating and set a $40.00 price target for the company in a report on Tuesday, June 18th. Needham & Company LLC reaffirmed a hold rating on shares of Juniper Networks in a research note on Friday, July 26th. Finally, Barclays lowered their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an equal weight rating on the stock in a research note on Friday, July 26th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $36.25.

Juniper Networks Stock Down 0.0 %

JNPR stock opened at $38.57 on Wednesday. Juniper Networks has a 12 month low of $24.87 and a 12 month high of $38.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 55.90, a price-to-earnings-growth ratio of 10.58 and a beta of 0.95. The company has a fifty day moving average price of $36.65 and a 200 day moving average price of $36.41.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.13). Juniper Networks had a net margin of 4.58% and a return on equity of 8.02%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $0.42 EPS. The firm’s revenue was down 16.8% on a year-over-year basis. Sell-side analysts expect that Juniper Networks will post 1 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 2nd will be issued a $0.22 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.88 annualized dividend and a yield of 2.28%. Juniper Networks’s dividend payout ratio is presently 127.54%.

Insiders Place Their Bets

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $35.17, for a total transaction of $195,369.35. Following the transaction, the chief executive officer now owns 981,209 shares of the company’s stock, valued at approximately $34,509,120.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Juniper Networks news, CFO Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $36.00, for a total value of $1,440,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,435 shares in the company, valued at $1,059,660. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $35.17, for a total value of $195,369.35. Following the sale, the chief executive officer now owns 981,209 shares in the company, valued at $34,509,120.53. The disclosure for this sale can be found here. Insiders sold a total of 134,779 shares of company stock valued at $4,856,845 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JNPR. Larson Financial Group LLC boosted its holdings in shares of Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 745 shares during the period. OFI Invest Asset Management acquired a new position in Juniper Networks during the 2nd quarter valued at about $31,000. GAMMA Investing LLC bought a new position in Juniper Networks in the 4th quarter worth about $28,000. Hartford Financial Management Inc. grew its position in Juniper Networks by 51.3% in 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 during the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks in the second quarter valued at approximately $36,000. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Company Profile

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.