Juniper Networks, Inc. (NYSE:JNPR) Receives Average Rating of "Hold" from Brokerages

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) has been assigned an average rating of "Hold" from the six research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.00.

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Friday, May 2nd. Finally, Wall Street Zen raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd.

Juniper Networks Price Performance

Shares of NYSE:JNPR opened at $36.51 on Thursday. The stock's 50 day moving average is $35.92 and its 200-day moving average is $36.31. Juniper Networks has a twelve month low of $33.42 and a twelve month high of $39.79. The company has a quick ratio of 1.16, a current ratio of 1.49 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.02 and a beta of 0.78.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. Juniper Networks had a net margin of 6.78% and a return on equity of 8.71%. The business's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Sell-side analysts forecast that Juniper Networks will post 1.33 EPS for the current fiscal year.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. Juniper Networks's dividend payout ratio is presently 83.81%.

Hedge Funds Weigh In On Juniper Networks

Several institutional investors have recently added to or reduced their stakes in JNPR. Banque Transatlantique SA bought a new stake in Juniper Networks in the first quarter worth about $26,000. Zions Bancorporation National Association UT bought a new position in shares of Juniper Networks in the 1st quarter worth $30,000. Hollencrest Capital Management bought a new position in shares of Juniper Networks in the 4th quarter worth $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 worth $42,000 after buying an additional 363 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Juniper Networks by 30.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,224 shares of the network equipment provider's stock worth $44,000 after buying an additional 283 shares during the last quarter. Institutional investors own 91.95% of the company's stock.

About Juniper Networks

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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