Juniper Networks, Inc. (JNPR) Director Purchases $48,960.00 in Stock

Juniper Networks, Inc. (NYSE:JNPR) Director Rahul N. Merchant acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the purchase, the director now directly owns 22,543 shares in the company, valued at approximately $551,852.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Juniper Networks, Inc. (NYSE JNPR) traded down $0.48 during midday trading on Thursday, hitting $25.95. The company had a trading volume of 8,717,800 shares, compared to its average volume of 4,976,180. Juniper Networks, Inc. has a fifty-two week low of $23.87 and a fifty-two week high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41. The firm has a market cap of $9,870.00, a PE ratio of 14.52, a PEG ratio of 2.10 and a beta of 1.05.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.58 EPS. Juniper Networks’s revenue for the quarter was down 2.1% on a year-over-year basis. sell-side analysts predict that Juniper Networks, Inc. will post 1.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.54%. Juniper Networks’s dividend payout ratio is 23.95%.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.themarketsdaily.com/2017/11/16/juniper-networks-inc-jnpr-director-purchases-48960-00-in-stock.html.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock valued at $1,071,564,000 after acquiring an additional 2,314,683 shares during the period. Dodge & Cox increased its stake in Juniper Networks by 0.4% during the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock valued at $493,224,000 after acquiring an additional 74,877 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Juniper Networks by 12.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock valued at $355,227,000 after acquiring an additional 1,386,036 shares during the period. First Trust Advisors LP increased its stake in Juniper Networks by 1.3% during the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock valued at $200,817,000 after acquiring an additional 91,809 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Juniper Networks by 25.4% during the third quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock valued at $188,804,000 after acquiring an additional 1,375,394 shares during the period. Hedge funds and other institutional investors own 93.32% of the company’s stock.

JNPR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a report on Wednesday, August 16th. BidaskClub downgraded Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Robert W. Baird reiterated a “hold” rating and set a $26.00 price target (down previously from $28.00) on shares of Juniper Networks in a report on Wednesday, October 25th. Drexel Hamilton reiterated a “buy” rating and set a $37.00 price target on shares of Juniper Networks in a report on Thursday, July 20th. Finally, UBS AG reiterated a “neutral” rating and set a $30.00 price target (up previously from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.42.

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.

Insider Buying and Selling by Quarter for Juniper Networks (NYSE:JNPR)

Receive News & Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply