Juniper Networks, Inc. (NYSE:JNPR) Receives Consensus Rating of “Moderate Buy” from Analysts

Juniper Networks, Inc. (NYSE:JNPRGet Rating) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $36.57.

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Juniper Networks in a report on Thursday, March 31st. They set a “buy” rating on the stock. Citigroup raised shares of Juniper Networks from a “sell” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $36.00 in a research note on Tuesday, April 12th. Finally, Piper Sandler decreased their price target on shares of Juniper Networks from $36.00 to $34.00 in a research note on Wednesday, April 27th.

In other news, COO Manoj Leelanivas sold 13,366 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $38.00, for a total transaction of $507,908.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $28.54, for a total value of $158,539.70. Following the sale, the chief executive officer now owns 857,485 shares in the company, valued at $24,472,621.90. The disclosure for this sale can be found here. Insiders have sold 49,860 shares of company stock valued at $1,638,890 in the last three months. Insiders own 1.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JNPR. Morgan Stanley grew its holdings in shares of Juniper Networks by 28.9% during the second quarter. Morgan Stanley now owns 2,176,905 shares of the network equipment provider’s stock worth $59,538,000 after purchasing an additional 487,563 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Juniper Networks by 275.1% during the third quarter. Royal Bank of Canada now owns 271,205 shares of the network equipment provider’s stock worth $7,462,000 after purchasing an additional 198,909 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Juniper Networks by 6.9% during the third quarter. Cubist Systematic Strategies LLC now owns 45,927 shares of the network equipment provider’s stock worth $1,264,000 after purchasing an additional 2,950 shares during the last quarter. Verition Fund Management LLC bought a new stake in Juniper Networks in the third quarter valued at approximately $322,000. Finally, Toroso Investments LLC bought a new stake in Juniper Networks in the third quarter valued at approximately $243,000. Institutional investors own 92.78% of the company’s stock.

Shares of NYSE:JNPR opened at $28.39 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.63 and a quick ratio of 1.46. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.31 and a beta of 0.95. The firm’s 50 day simple moving average is $31.28 and its 200 day simple moving average is $33.30. Juniper Networks has a fifty-two week low of $26.12 and a fifty-two week high of $38.14.

Juniper Networks (NYSE:JNPRGet Rating) last announced its earnings results on Tuesday, April 26th. The network equipment provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Juniper Networks had a net margin of 7.03% and a return on equity of 9.40%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. Equities research analysts expect that Juniper Networks will post 1.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.96%. The ex-dividend date is Tuesday, May 31st. Juniper Networks’s dividend payout ratio is 81.55%.

Juniper Networks Company Profile (Get Rating)

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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