Free Trial

Short Interest in Juniper Networks, Inc. (NYSE:JNPR) Declines By 24.8%

Juniper Networks logo with Computer and Technology background

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 7,660,000 shares, a decline of 24.8% from the May 15th total of 10,180,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,680,000 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Union Bancaire Privee UBP SA acquired a new position in Juniper Networks during the fourth quarter worth approximately $8,645,000. Empowered Funds LLC increased its stake in Juniper Networks by 327.1% during the fourth quarter. Empowered Funds LLC now owns 23,187 shares of the network equipment provider's stock worth $868,000 after acquiring an additional 17,758 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Juniper Networks by 9.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 157,338 shares of the network equipment provider's stock worth $5,902,000 after acquiring an additional 13,030 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Juniper Networks by 10.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 122,669 shares of the network equipment provider's stock worth $4,594,000 after acquiring an additional 11,296 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Juniper Networks by 2.9% during the fourth quarter. CIBC Asset Management Inc now owns 57,563 shares of the network equipment provider's stock worth $2,156,000 after acquiring an additional 1,627 shares during the last quarter. Institutional investors and hedge funds own 91.95% of the company's stock.

Juniper Networks Trading Up 0.5%

JNPR traded up $0.19 during trading on Friday, hitting $36.04. The company's stock had a trading volume of 4,777,279 shares, compared to its average volume of 3,244,227. The firm's 50 day moving average price is $35.81 and its 200-day moving average price is $36.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.49 and a quick ratio of 1.16. The stock has a market cap of $12.05 billion, a PE ratio of 34.32, a PEG ratio of 1.99 and a beta of 0.78. Juniper Networks has a twelve month low of $33.42 and a twelve month high of $39.79.

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, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Juniper Networks had a return on equity of 8.71% and a net margin of 6.78%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. On average, analysts expect that Juniper Networks will post 1.33 earnings per share for the current year.

Juniper Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, June 2nd. Juniper Networks's dividend payout ratio is currently 83.81%.

Analysts Set New Price Targets

JNPR has been the subject of a number of research reports. Wall Street Zen upgraded shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and issued a $40.00 price target on shares of Juniper Networks in a report on Friday, May 2nd. Finally, Barclays boosted their target price on shares of Juniper Networks from $39.00 to $40.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $40.00.

Get Our Latest Stock Report on Juniper Networks

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.

Read More

Should You Invest $1,000 in Juniper Networks Right Now?

Before you consider Juniper Networks, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Juniper Networks wasn't on the list.

While Juniper Networks currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines