Juniper Networks (NYSE:JNPR) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Juniper Networks (NYSE:JNPR) in a research report sent to investors on Friday, AnalystRatings.com reports. Needham & Company LLC currently has a $29.00 target price on the network equipment provider’s stock.

Several other research firms have also issued reports on JNPR. Barclays initiated coverage on Juniper Networks in a research note on Wednesday, August 7th. They set an equal weight rating and a $27.00 price objective for the company. Evercore ISI initiated coverage on Juniper Networks in a research note on Wednesday, September 11th. They set an inline rating and a $26.00 price objective for the company. Raymond James set a $29.00 price objective on Juniper Networks and gave the stock a buy rating in a research note on Friday, September 6th. Zacks Investment Research lowered Juniper Networks from a hold rating to a sell rating and set a $26.00 price objective for the company. in a research note on Thursday, September 26th. Finally, Citigroup lowered Juniper Networks from a neutral rating to a sell rating and dropped their price objective for the stock from $28.00 to $24.00 in a research note on Monday, July 8th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Juniper Networks currently has a consensus rating of Hold and a consensus price target of $26.36.

JNPR stock traded down $0.09 during midday trading on Friday, hitting $23.90. The stock had a trading volume of 2,727,957 shares, compared to its average volume of 2,751,547. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 3.05 and a beta of 0.98. Juniper Networks has a 52 week low of $22.42 and a 52 week high of $30.80. The stock has a 50-day simple moving average of $23.88 and a 200 day simple moving average of $25.72. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.32.

Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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 last year, the business earned $0.48 earnings per share. On average, equities analysts forecast that Juniper Networks will post 1.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a yield of 3.18%. Juniper Networks’s dividend payout ratio is currently 55.88%.

In other news, EVP Manoj Leelanivas sold 9,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total value of $241,200.00. Following the completion of the sale, the executive vice president now directly owns 18,641 shares in the company, valued at $499,578.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rahul N. Merchant sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $27.06, for a total value of $67,650.00. Following the completion of the sale, the director now owns 37,370 shares of the company’s stock, valued at $1,011,232.20. The disclosure for this sale can be found here. Insiders have sold 28,500 shares of company stock valued at $737,990 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in JNPR. NEXT Financial Group Inc acquired a new stake in shares of Juniper Networks in the second quarter valued at $27,000. Signaturefd LLC increased its position in Juniper Networks by 160.8% in the second quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 836 shares during the period. CSat Investment Advisory L.P. increased its position in Juniper Networks by 33.7% in the second quarter. CSat Investment Advisory L.P. now owns 1,679 shares of the network equipment provider’s stock worth $45,000 after purchasing an additional 423 shares during the period. CENTRAL TRUST Co acquired a new stake in Juniper Networks in the second quarter worth about $51,000. Finally, CKW Financial Group increased its position in Juniper Networks by 20.0% in the second quarter. CKW Financial Group now owns 2,400 shares of the network equipment provider’s stock worth $64,000 after purchasing an additional 400 shares during the period. Institutional investors own 91.03% of the company’s stock.

About Juniper Networks

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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