Juniper Networks, Inc. (NYSE:JNPR) Receives $40.00 Average PT from Brokerages

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) has earned a consensus recommendation of "Hold" from the six analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $40.00.

A number of research firms have recently issued reports on JNPR. Wall Street Zen upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Rosenblatt Securities restated a "neutral" rating and set a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target on the stock in a report on Tuesday, February 4th. Barclays boosted their price target on shares of Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Argus lowered shares of Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th.

Juniper Networks Price Performance

Shares of NYSE JNPR traded down $0.01 during midday trading on Friday, reaching $35.94. The company's stock had a trading volume of 2,285,553 shares, compared to its average volume of 3,248,679. The company has a current ratio of 1.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $35.60 and a 200 day moving average price of $36.31. Juniper Networks has a one year low of $33.42 and a one year high of $39.79. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its earnings results on Thursday, May 1st. The network equipment provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a net margin of 5.67% and a return on equity of 7.57%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $0.29 EPS. The business's revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts expect that Juniper Networks will post 1.33 EPS for the current year.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.88 annualized dividend and a yield of 2.45%. Juniper Networks's dividend payout ratio is presently 83.81%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Banque Transatlantique SA acquired a new position in Juniper Networks in the 1st quarter valued at approximately $26,000. Zions Bancorporation National Association UT acquired a new position in Juniper Networks in the 1st quarter valued at approximately $30,000. Hollencrest Capital Management acquired a new position in Juniper Networks in the 4th quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its stake in Juniper Networks by 47.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock valued at $42,000 after buying an additional 363 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in Juniper Networks by 30.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider's stock worth $44,000 after acquiring an additional 283 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.