Juniper Networks, Inc. (JNPR) Price Target Cut to $31.00 by Analysts at BMO Capital Markets
Juniper Networks, Inc. (NYSE:JNPR) had its target price cut by BMO Capital Markets from $34.00 to $31.00 in a research report sent to investors on Thursday morning. They currently have an outperform rating on the network equipment provider’s stock.
JNPR has been the subject of a number of other research reports. Zacks Investment Research raised Juniper Networks from a hold rating to a buy rating and set a $31.00 target price for the company in a report on Friday, July 28th. BidaskClub raised Juniper Networks from a sell rating to a hold rating in a report on Thursday, October 5th. Raymond James Financial, Inc. raised Juniper Networks from a market perform rating to an outperform rating and set a $34.00 target price for the company in a report on Friday, July 21st. Instinet reissued a buy rating and issued a $33.00 target price on shares of Juniper Networks in a report on Tuesday, July 4th. Finally, TheStreet downgraded Juniper Networks from a b rating to a c+ rating in a report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Juniper Networks presently has an average rating of Hold and an average target price of $30.39.
Juniper Networks (NYSE JNPR) traded up 0.70% during trading on Thursday, hitting $26.00. 1,089,092 shares of the company traded hands. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 15.56 and a beta of 1.09. Juniper Networks has a 52-week low of $22.41 and a 52-week high of $30.96. The company’s 50-day moving average is $27.56 and its 200 day moving average is $28.45.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.50 earnings per share. Juniper Networks’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Juniper Networks will post $2.20 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Wednesday, August 30th. Juniper Networks’s payout ratio is currently 23.39%.
In other news, EVP Vincent Molinaro sold 5,031 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.00, for a total transaction of $150,930.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Insiders have sold a total of 35,044 shares of company stock valued at $974,774 in the last quarter. Company insiders own 2.60% of the company’s stock.
Large investors have recently modified their holdings of the company. Creative Planning grew its holdings in shares of Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock worth $131,000 after purchasing an additional 21 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of Juniper Networks by 4.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock worth $136,000 after purchasing an additional 201 shares during the period. Petrus Trust Company LTA purchased a new stake in shares of Juniper Networks during the 2nd quarter worth about $204,000. Menta Capital LLC purchased a new stake in shares of Juniper Networks during the 1st quarter worth about $205,000. Finally, River Wealth Advisors LLC purchased a new stake in shares of Juniper Networks during the 2nd quarter worth about $206,000. Institutional investors and hedge funds own 90.14% of the company’s stock.
About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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