Shares of Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $39.93 and last traded at $39.91, with a volume of 8473109 shares changing hands. The stock had previously closed at $36.82.
Wall Street Analyst Weigh In
JNPR has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Juniper Networks from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, May 2nd. Finally, 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 research report on Monday, May 5th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Juniper Networks presently has an average rating of "Hold" and a consensus target price of $40.00.
Check Out Our Latest Report on JNPR
Juniper Networks Stock Performance
The company has a market cap of $13.34 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.03 and a beta of 0.78. The company's fifty day moving average is $36.02 and its 200 day moving average is $36.29. The company has a current ratio of 1.49, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25.
Juniper Networks (NYSE:JNPR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Juniper Networks had a return on equity of 8.71% and a net margin of 6.78%. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm earned $0.29 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities analysts predict that Juniper Networks, Inc. will post 1.33 earnings per share for the current fiscal year.
Juniper Networks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 2nd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Monday, June 2nd. Juniper Networks's payout ratio is 83.81%.
Hedge Funds Weigh In On Juniper Networks
Hedge funds and other institutional investors have recently modified their holdings of the company. Swedbank AB raised its position in Juniper Networks by 60.7% during the 1st quarter. Swedbank AB now owns 128,888 shares of the network equipment provider's stock valued at $4,664,000 after purchasing an additional 48,675 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Juniper Networks by 1.1% during the first quarter. Voya Investment Management LLC now owns 101,761 shares of the network equipment provider's stock valued at $3,683,000 after acquiring an additional 1,107 shares in the last quarter. DLD Asset Management LP raised its holdings in shares of Juniper Networks by 524.6% during the first quarter. DLD Asset Management LP now owns 67,596 shares of the network equipment provider's stock valued at $2,446,000 after acquiring an additional 56,773 shares in the last quarter. Strs Ohio purchased a new stake in shares of Juniper Networks in the 1st quarter worth about $1,593,000. Finally, Bayforest Capital Ltd bought a new stake in Juniper Networks during the 1st quarter valued at approximately $120,000. 91.95% of the stock is owned by institutional investors.
Juniper Networks Company Profile
(
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.
Further Reading
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