Juniper Networks, Inc. (NYSE:JNPR) EVP Manoj Leelanivas sold 9,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total transaction of $241,200.00. Following the completion of the sale, the executive vice president now directly owns 18,641 shares of the company’s stock, valued at approximately $499,578.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE JNPR traded down $0.44 during midday trading on Thursday, reaching $26.58. The company’s stock had a trading volume of 3,287,800 shares, compared to its average volume of 3,439,272. The company has a current ratio of 2.13, a quick ratio of 2.89 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $26.87. Juniper Networks, Inc. has a one year low of $24.51 and a one year high of $30.80. The stock has a market capitalization of $9.36 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93.
Juniper Networks (NYSE:JNPR) last released its earnings results on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts anticipate that Juniper Networks, Inc. will post 1.42 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc bought a new position in shares of Juniper Networks in the 2nd quarter valued at about $27,000. Signaturefd LLC raised its holdings in shares of Juniper Networks by 160.8% in the second quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 836 shares during the last quarter. Bremer Bank National Association acquired a new stake in shares of Juniper Networks in the first quarter valued at approximately $39,000. CENTRAL TRUST Co bought a new position in shares of Juniper Networks in the second quarter valued at $51,000. Finally, Rational Advisors LLC grew its stake in shares of Juniper Networks by 1,800.8% in the first quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock valued at $60,000 after buying an additional 2,143 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on JNPR shares. Raymond James set a $30.00 target price on shares of Juniper Networks and gave the company a “buy” rating in a research note on Friday, July 26th. Rosenblatt Securities upgraded shares of Juniper Networks from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $24.00 to $27.00 in a research report on Wednesday, June 12th. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th. Citigroup downgraded shares of Juniper Networks from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $28.00 to $24.00 in a research report on Monday, July 8th. Finally, Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Juniper Networks presently has an average rating of “Hold” and a consensus target price of $27.62.
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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