Barclays Forecasts Strong Price Appreciation for Juniper Networks (NYSE:JNPR) Stock

Juniper Networks (NYSE:JNPR - Get Free Report) had its target price hoisted by research analysts at Barclays from $37.00 to $39.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the network equipment provider's stock. Barclays's target price points to a potential upside of 9.20% from the company's previous close.

Other research analysts have also issued research reports about the company. Rosenblatt Securities reaffirmed a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a research report on Friday, November 1st. StockNews.com raised shares of Juniper Networks from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Finally, Evercore ISI raised shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks has a consensus rating of "Hold" and an average price target of $39.80.

Juniper Networks Stock Down 0.8 %

Juniper Networks stock traded down $0.29 during midday trading on Wednesday, reaching $35.72. The stock had a trading volume of 4,747,882 shares, compared to its average volume of 5,267,443. The stock has a market capitalization of $11.82 billion, a P/E ratio of 41.53, a price-to-earnings-growth ratio of 7.95 and a beta of 0.87. Juniper Networks has a 1-year low of $33.72 and a 1-year high of $39.79. The firm's fifty day simple moving average is $37.29 and its 200-day simple moving average is $37.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 1.46.

Juniper Networks (NYSE:JNPR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. As a group, analysts expect that Juniper Networks will post 1.27 EPS for the current fiscal year.

Institutional Trading of Juniper Networks

Several hedge funds and other institutional investors have recently bought and sold shares of JNPR. State Street Corp raised its position in shares of Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider's stock valued at $614,280,000 after buying an additional 574,418 shares in the last quarter. Geode Capital Management LLC increased its stake in Juniper Networks by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,540,330 shares of the network equipment provider's stock worth $371,269,000 after acquiring an additional 417,050 shares during the period. Amundi raised its holdings in Juniper Networks by 60.1% in the 4th quarter. Amundi now owns 4,157,158 shares of the network equipment provider's stock valued at $159,510,000 after acquiring an additional 1,559,884 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Juniper Networks by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,134,795 shares of the network equipment provider's stock valued at $117,398,000 after acquiring an additional 40,231 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Juniper Networks by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,984,544 shares of the network equipment provider's stock worth $111,771,000 after purchasing an additional 27,227 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Company Profile

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.