Juniper Networks (NYSE:JNPR) Research Coverage Started at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Juniper Networks (NYSE:JNPR – Get Free Report) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the network equipment provider’s stock.

A number of other equities research analysts also recently commented on the company. Barclays raised their target price on Juniper Networks from $40.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, June 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research report on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Read Our Latest Research Report on Juniper Networks

Juniper Networks Price Performance

Shares of NYSE JNPR opened at $37.13 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.27. The stock has a fifty day moving average price of $35.46 and a 200 day moving average price of $35.89. Juniper Networks has a 1-year low of $24.87 and a 1-year high of $38.04. The company has a market cap of $12.07 billion, a PE ratio of 53.81, a P/E/G ratio of 9.68 and a beta of 0.95.

Juniper Networks (NYSE:JNPR – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts forecast that Juniper Networks will post 1.08 EPS for the current year.

Insider Buying and Selling at Juniper Networks

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $34.86, for a total value of $193,647.30. Following the completion of the sale, the chief executive officer now owns 986,764 shares in the company, valued at approximately $34,398,593.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kenneth Bradley Miller sold 15,000 shares of Juniper Networks stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $34.47, for a total value of $517,050.00. Following the transaction, the chief financial officer now directly owns 69,435 shares of the company’s stock, valued at approximately $2,393,424.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $34.86, for a total value of $193,647.30. Following the completion of the transaction, the chief executive officer now directly owns 986,764 shares in the company, valued at $34,398,593.04. The disclosure for this sale can be found here. Insiders sold 145,889 shares of company stock worth $5,243,973 in the last 90 days. 1.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Juniper Networks

Several hedge funds and other institutional investors have recently modified their holdings of JNPR. Vanguard Group Inc. lifted its position in Juniper Networks by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 41,126,775 shares of the network equipment provider’s stock worth $1,212,417,000 after acquiring an additional 137,652 shares in the last quarter. First Trust Advisors LP lifted its position in Juniper Networks by 3.9% during the 4th quarter. First Trust Advisors LP now owns 13,230,251 shares of the network equipment provider’s stock worth $390,028,000 after acquiring an additional 495,037 shares in the last quarter. Norges Bank acquired a new position in Juniper Networks during the 4th quarter worth approximately $136,778,000. Goldman Sachs Group Inc. lifted its position in Juniper Networks by 6.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,646,833 shares of the network equipment provider’s stock worth $107,509,000 after acquiring an additional 219,410 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Juniper Networks by 11,418.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,829,071 shares of the network equipment provider’s stock worth $83,401,000 after acquiring an additional 2,804,509 shares in the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

About Juniper Networks

(Get Free Report)

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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