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.
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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.
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