Juniper Networks (NYSE:JNPR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Juniper Networks (NYSE:JNPR - Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a "hold" rating on the network equipment provider's stock.

Several other brokerages have also recently issued reports on JNPR. Barclays boosted their price objective on shares of Juniper Networks from $40.00 to $41.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Needham & Company LLC reissued a "hold" rating on shares of Juniper Networks in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Juniper Networks presently has a consensus rating of "Hold" and an average target price of $34.55.

Juniper Networks Trading Down 0.2 %

NYSE:JNPR traded down $0.07 during trading hours on Friday, hitting $34.64. The company had a trading volume of 1,682,200 shares, compared to its average volume of 2,666,126. Juniper Networks has a 1 year low of $24.87 and a 1 year high of $38.04. The company has a market cap of $11.26 billion, a P/E ratio of 50.20, a P/E/G ratio of 8.71 and a beta of 0.98. The company has a 50-day moving average of $36.03 and a 200 day moving average of $33.81. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.09). Juniper Networks had a return on equity of 10.02% and a net margin of 4.19%. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.23 billion. Sell-side analysts expect that Juniper Networks will post 1.12 earnings per share for the current year.

Insider Activity

In other news, CFO Kenneth Bradley Miller sold 15,000 shares of the business's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total transaction of $517,050.00. Following the transaction, the chief financial officer now owns 69,435 shares in the company, valued at approximately $2,393,424.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Kenneth Bradley Miller sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.47, for a total transaction of $517,050.00. Following the sale, the chief financial officer now directly owns 69,435 shares of the company's stock, valued at $2,393,424.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Manoj Leelanivas sold 79,267 shares of the firm's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $36.97, for a total transaction of $2,930,500.99. Following the completion of the transaction, the chief operating officer now directly owns 69,337 shares in the company, valued at approximately $2,563,388.89. The disclosure for this sale can be found here. Insiders sold a total of 132,770 shares of company stock worth $4,852,970 in the last three months. 1.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Juniper Networks by 4.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider's stock worth $1,286,000 after buying an additional 2,134 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Juniper Networks by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,821,292 shares of the network equipment provider's stock valued at $83,172,000 after acquiring an additional 54,735 shares in the last quarter. Nordea Investment Management AB raised its holdings in Juniper Networks by 2,096.4% in the 4th quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider's stock valued at $13,212,000 after buying an additional 431,855 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Juniper Networks by 71.8% during the third quarter. Assenagon Asset Management S.A. now owns 324,954 shares of the network equipment provider's stock worth $9,030,000 after purchasing an additional 135,823 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Juniper Networks by 43.9% in the 4th quarter. BNP Paribas Financial Markets now owns 520,932 shares of the network equipment provider's stock valued at $15,357,000 after buying an additional 158,913 shares during the last quarter. 91.95% of the stock is owned by institutional investors.

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.