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

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

Several other research analysts also recently weighed in on the stock. Barclays upped their price target on shares of Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.55.

Get Our Latest Analysis on Juniper Networks

Juniper Networks Stock Performance

NYSE JNPR opened at $35.44 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.74. The stock has a 50-day simple moving average of $35.57 and a two-hundred day simple moving average of $34.47. Juniper Networks has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The firm has a market capitalization of $11.52 billion, a P/E ratio of 51.36, a PEG ratio of 9.23 and a beta of 0.96.

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

Insider Buying and Selling at Juniper Networks

In other news, CEO Rami Rahim sold 5,555 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $37.06, for a total transaction of $205,868.30. Following the sale, the chief executive officer now owns 1,003,429 shares of the company’s stock, valued at $37,187,078.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction on 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 sale, the chief financial officer now directly owns 69,435 shares of the company’s stock, valued at approximately $2,393,424.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now directly owns 1,003,429 shares of the company’s stock, valued at $37,187,078.74. The disclosure for this sale can be found here. Insiders have sold 37,220 shares of company stock valued at $1,315,803 over the last 90 days. 1.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Juniper Networks

Several institutional investors have recently added to or reduced their stakes in JNPR. Norges Bank purchased a new stake in Juniper Networks in the fourth quarter valued at $136,778,000. Pacer Advisors Inc. boosted its position in shares of Juniper Networks by 11,418.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,829,071 shares of the network equipment provider’s stock valued at $83,401,000 after purchasing an additional 2,804,509 shares during the period. Magnetar Financial LLC purchased a new position in Juniper Networks during the 1st quarter worth approximately $86,494,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Juniper Networks by 276.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,257,447 shares of the network equipment provider’s stock worth $34,944,000 after buying an additional 923,680 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in Juniper Networks by 859.1% in the first quarter. Canada Pension Plan Investment Board now owns 836,900 shares of the network equipment provider’s stock valued at $31,016,000 after buying an additional 749,641 shares during the last quarter. Hedge funds and other institutional investors 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.

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