Juniper Networks, Inc. (JNPR) Given New $31.00 Price Target at BMO Capital Markets

Juniper Networks, Inc. (NYSE:JNPR) had its target price cut by equities research analysts at BMO Capital Markets from $34.00 to $31.00 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the network equipment provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 15.41% from the company’s current price.

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 price objective for the company in a research report on Friday, July 28th. BidaskClub raised Juniper Networks from a “sell” rating to a “hold” rating in a research 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 price target for the company in a research report on Friday, July 21st. Instinet reissued a “buy” rating and set a $33.00 price target on shares of Juniper Networks in a research report on Tuesday, July 4th. Finally, TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Juniper Networks presently has a consensus rating of “Hold” and a consensus target price of $30.68.

Juniper Networks (NYSE JNPR) traded down 4.88% during trading on Thursday, hitting $25.55. The stock had a trading volume of 6,653,404 shares. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 15.29 and a beta of 1.09. Juniper Networks has a one year low of $22.41 and a one year high of $30.96. The stock’s 50-day moving average is $27.66 and its 200 day moving average is $28.48.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. Equities analysts anticipate that Juniper Networks will post $2.24 earnings per share for the current year.

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In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the company’s stock in a transaction that occurred on 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 SEC, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 35,044 shares of company stock worth $974,774 in the last 90 days. 3.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning grew its holdings in shares of Juniper Networks by 0.4% during the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Juniper Networks by 0.3% during the second quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 24 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Juniper Networks by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 9,629 shares of the network equipment provider’s stock valued at $268,000 after purchasing an additional 60 shares during the last quarter. Cadence Capital Management LLC grew its holdings in shares of Juniper Networks by 0.5% during the second quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after purchasing an additional 63 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Juniper Networks by 0.3% during the second quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock valued at $1,204,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 90.16% of the company’s stock.

Juniper Networks Company Profile

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.

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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