Juniper Networks (NYSE:JNPR) Now Covered by Analysts at Barclays

Analysts at Barclays initiated coverage on shares of Juniper Networks (NYSE:JNPR) in a research note issued to investors on Wednesday, The Fly reports. The firm set an “equal weight” rating on the network equipment provider’s stock.

JNPR has been the topic of several other reports. Raymond James set a $30.00 price objective on shares of Juniper Networks and gave the stock a “buy” rating in a research note on Friday, July 26th. TheStreet cut shares of Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, April 25th. Citigroup cut shares of Juniper Networks from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $28.00 to $24.00 in a research note on Monday, July 8th. Finally, Rosenblatt Securities raised shares of Juniper Networks from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $27.00 in a research note on Wednesday, June 12th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $27.62.

Juniper Networks stock traded up $0.05 during trading hours on Wednesday, hitting $25.29. 2,222,722 shares of the stock were exchanged, compared to its average volume of 3,439,697. The company has a quick ratio of 2.89, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.80 billion, a PE ratio of 18.60, a P/E/G ratio of 3.32 and a beta of 0.92. Juniper Networks has a 12 month low of $24.51 and a 12 month high of $30.80. The stock has a 50-day moving average of $26.75.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). The firm had revenue of $1.10 billion for 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%. Juniper Networks’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. As a group, sell-side analysts expect that Juniper Networks will post 1.26 EPS for the current year.

In other news, CFO Kenneth Bradley Miller sold 7,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $27.02, for a total transaction of $189,140.00. Following the completion of the sale, the chief financial officer now owns 77,333 shares of the company’s stock, valued at $2,089,537.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Manoj Leelanivas sold 9,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total transaction of $241,200.00. Following the sale, the executive vice president now directly owns 18,641 shares of the company’s stock, valued at approximately $499,578.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,500 shares of company stock worth $1,408,340. Company insiders own 1.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. NEXT Financial Group Inc bought a new position in shares of Juniper Networks during the 2nd quarter valued at approximately $27,000. Signaturefd LLC lifted its position in Juniper Networks by 160.8% during the second quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock worth $36,000 after buying an additional 836 shares in the last quarter. Bremer Bank National Association purchased a new stake in Juniper Networks in the first quarter valued at $39,000. CENTRAL TRUST Co purchased a new stake in Juniper Networks in the second quarter valued at $51,000. Finally, Rational Advisors LLC raised its position in 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 purchasing an additional 2,143 shares during the period. 90.92% of the stock is owned by institutional investors.

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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The Fly

Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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