Juniper Networks (NYSE:JNPR) Stock Rating Upgraded by Argus

Argus upgraded shares of Juniper Networks (NYSE:JNPRFree Report) from a hold rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have $40.00 price target on the network equipment provider’s stock.

JNPR has been the topic of several other reports. StockNews.com began coverage on Juniper Networks in a research report on Wednesday, June 12th. They issued a hold rating on the stock. Needham & Company LLC reaffirmed a hold rating on shares of Juniper Networks in a report on Friday, April 26th. Finally, Barclays lifted their target price on Juniper Networks from $40.00 to $41.00 and gave the stock an equal weight rating in a report on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $35.00.

Read Our Latest Analysis on JNPR

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $35.69 on Tuesday. The stock’s 50-day simple moving average is $35.18 and its 200-day simple moving average is $35.09. Juniper Networks has a 52 week low of $24.87 and a 52 week high of $38.04. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 9.26 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.

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

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. Juniper Networks’s payout ratio is 127.54%.

Insider Activity at Juniper Networks

In other Juniper Networks news, CFO Kenneth Bradley Miller sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was 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 owns 69,435 shares in the company, valued at $2,393,424.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Juniper Networks news, CFO Kenneth Bradley Miller sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was 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 owns 69,435 shares in the company, valued at $2,393,424.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on 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 owns 1,003,429 shares of the company’s stock, valued at approximately $37,187,078.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,330 shares of company stock worth $1,708,320. Company insiders own 1.28% of the company’s stock.

Institutional Trading of Juniper Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Aurora Investment Counsel increased its position in shares of Juniper Networks by 1.3% in the 1st quarter. Aurora Investment Counsel now owns 73,878 shares of the network equipment provider’s stock valued at $2,738,000 after acquiring an additional 935 shares during the period. Swedbank AB acquired a new position in shares of Juniper Networks in the 1st quarter valued at $2,543,000. Wahed Invest LLC grew its position in Juniper Networks by 14.3% during the 1st quarter. Wahed Invest LLC now owns 6,203 shares of the network equipment provider’s stock worth $230,000 after purchasing an additional 776 shares during the period. Tidal Investments LLC grew its position in Juniper Networks by 31.3% during the 1st quarter. Tidal Investments LLC now owns 52,338 shares of the network equipment provider’s stock worth $1,940,000 after purchasing an additional 12,489 shares during the period. Finally, California State Teachers Retirement System grew its position in Juniper Networks by 4.8% during the 1st quarter. California State Teachers Retirement System now owns 512,228 shares of the network equipment provider’s stock worth $18,983,000 after purchasing an additional 23,378 shares during the period. 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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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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