Juniper Networks, Inc. (NYSE:JNPR) Given Average Rating of “Hold” by Analysts

Juniper Networks, Inc. (NYSE:JNPR) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $37.63.

JNPR has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Citigroup restated a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th. Finally, Barclays dropped their target price on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, July 26th.

Institutional Trading of Juniper Networks

Institutional investors have recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its stake in Juniper Networks by 2,772.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 457,074 shares of the network equipment provider’s stock worth $16,939,000 after buying an additional 441,161 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Juniper Networks in the first quarter worth about $4,945,000. Blair William & Co. IL bought a new position in Juniper Networks in the first quarter worth about $587,000. Zurich Insurance Group Ltd FI bought a new position in Juniper Networks in the first quarter worth about $1,364,000. Finally, M&G Plc bought a new position in shares of Juniper Networks during the second quarter valued at approximately $657,000. 91.95% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks Stock Down 0.2 %

Shares of NYSE:JNPR opened at $39.08 on Friday. Juniper Networks has a 52-week low of $24.87 and a 52-week high of $39.79. The firm has a fifty day moving average of $38.86 and a 200 day moving average of $37.11. The firm has a market capitalization of $12.86 billion, a PE ratio of 54.28, a price-to-earnings-growth ratio of 11.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.69.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share (EPS) 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 business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business’s quarterly revenue was down 16.8% on a year-over-year basis. As a group, research analysts anticipate that Juniper Networks will post 0.94 EPS for the current fiscal year.

About Juniper Networks

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.