Juniper Networks (JNPR) – Analysts’ Weekly Ratings Changes

Juniper Networks (NYSE: JNPR) recently received a number of ratings updates from brokerages and research firms:

• 7/30/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 7/26/2024 – Juniper Networks had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 7/26/2024 – Juniper Networks had its price target lowered by analysts at Barclays PLC from $41.00 to $40.00. They now have an “equal weight” rating on the stock.
• 7/22/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 7/14/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 7/6/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/28/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/20/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/18/2024 – Juniper Networks was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock.
• 6/12/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/4/2024 – Juniper Networks is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Juniper Networks Stock Up 0.9 %

Juniper Networks stock traded up $0.32 during trading hours on Tuesday, reaching $37.96. The stock had a trading volume of 2,667,533 shares, compared to its average volume of 3,712,717. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 55.02, a PEG ratio of 9.70 and a beta of 0.95. The business’s 50 day moving average price is $36.05 and its 200-day moving average price is $36.36. Juniper Networks, Inc. has a 52 week low of $24.87 and a 52 week high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The company’s revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Sell-side analysts anticipate that Juniper Networks, Inc. will post 1.08 EPS for the current year.

Juniper Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 127.54%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JNPR. OFI Invest Asset Management purchased a new stake in shares of Juniper Networks during the second quarter worth about $31,000. GAMMA Investing LLC acquired a new position in Juniper Networks during the fourth quarter worth about $28,000. Hartford Financial Management Inc. grew its stake in Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 330 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Juniper Networks in the 1st quarter worth approximately $43,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Juniper Networks during the 4th quarter worth approximately $35,000. 91.95% of the stock is owned by institutional investors and hedge funds.

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.