Stock analysts at Evercore ISI assumed coverage on shares of Juniper Networks (NYSE:JNPR) in a research note issued on Wednesday, MarketBeat.com reports. The brokerage set an “inline” rating and a $26.00 price target on the network equipment provider’s stock. Evercore ISI’s price target would suggest a potential upside of 6.04% from the company’s current price.

Other analysts have also recently issued research reports about the company. Rosenblatt Securities raised Juniper Networks from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $24.00 to $27.00 in a research report on Wednesday, June 12th. Citigroup cut Juniper Networks from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $28.00 to $24.00 in a research report on Monday, July 8th. Raymond James set a $29.00 target price on Juniper Networks and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Barclays began coverage on Juniper Networks in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 target price for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.40.

Shares of Juniper Networks stock traded up $0.08 during trading on Wednesday, reaching $24.52. The company’s stock had a trading volume of 47,865 shares, compared to its average volume of 2,925,941. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 3.15 and a beta of 0.98. Juniper Networks has a 1-year low of $22.42 and a 1-year high of $30.80. The company has a 50-day simple moving average of $24.63 and a two-hundred day simple moving average of $26.19.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. As a group, analysts anticipate that Juniper Networks will post 1.25 earnings per share for the current year.

In other Juniper Networks news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Manoj Leelanivas sold 9,000 shares of Juniper Networks stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $26.80, for a total value of $241,200.00. Following the transaction, the executive vice president now owns 18,641 shares of the company’s stock, valued at approximately $499,578.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock valued at $737,990 in the last quarter. Company insiders own 1.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in JNPR. Nuveen Asset Management LLC boosted its holdings in Juniper Networks by 20,685.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,769,287 shares of the network equipment provider’s stock worth $47,116,000 after buying an additional 1,760,775 shares during the last quarter. First Trust Advisors LP boosted its holdings in Juniper Networks by 15.9% in the 1st quarter. First Trust Advisors LP now owns 10,827,955 shares of the network equipment provider’s stock worth $286,616,000 after buying an additional 1,483,427 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Juniper Networks by 622.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,201,754 shares of the network equipment provider’s stock worth $32,003,000 after buying an additional 1,431,754 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Juniper Networks by 29.2% in the 2nd quarter. APG Asset Management N.V. now owns 3,995,245 shares of the network equipment provider’s stock worth $93,426,000 after buying an additional 904,100 shares during the last quarter. Finally, FIL Ltd boosted its holdings in Juniper Networks by 11.9% in the 1st quarter. FIL Ltd now owns 6,369,659 shares of the network equipment provider’s stock worth $168,604,000 after buying an additional 678,228 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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