JNPR Stock: Juniper Networks Upgraded by ValuEngine to “Buy”

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Juniper Networks (NYSE:JNPR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other research analysts have also commented on JNPR. Zacks Investment Research lowered Juniper Networks from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Royal Bank Of Canada restated a “hold” rating and issued a $30.00 target price on shares of Juniper Networks in a research note on Wednesday, August 2nd. BidaskClub lowered Juniper Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Tuesday, September 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of Juniper Networks in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.42.

Shares of Juniper Networks (JNPR) opened at $29.61 on Thursday. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a market capitalization of $11,140.00, a P/E ratio of 15.02, a PEG ratio of 2.17 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 net margin of 12.77% and a return on equity of 13.81%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company posted $0.58 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. sell-side analysts anticipate that Juniper Networks will post 1.7 EPS for the current fiscal year.

In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total transaction of $142,290.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at $12,374,144.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rahul N. Merchant acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $24.48 per share, with a total value of $48,960.00. Following the completion of the purchase, the director now directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in JNPR. Numeric Investors LLC grew its holdings in shares of Juniper Networks by 3,949.6% during the second quarter. Numeric Investors LLC now owns 4,673,200 shares of the network equipment provider’s stock worth $130,289,000 after purchasing an additional 4,557,800 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Juniper Networks by 197.7% during the second quarter. Renaissance Technologies LLC now owns 5,427,091 shares of the network equipment provider’s stock worth $151,307,000 after purchasing an additional 3,604,200 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Juniper Networks by 260.0% during the second quarter. Prudential Financial Inc. now owns 3,374,305 shares of the network equipment provider’s stock worth $94,076,000 after purchasing an additional 2,437,006 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 worth $1,071,564,000 after purchasing an additional 2,314,683 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Juniper Networks during the second quarter worth $43,858,000. Institutional investors own 90.96% of the company’s stock.

About Juniper Networks

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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