Rosenblatt Securities Reiterates Neutral Rating for Juniper Networks (NYSE:JNPR)

Juniper Networks (NYSE:JNPR - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at Rosenblatt Securities in a research report issued on Friday,Benzinga reports. They presently have a $40.00 price objective on the network equipment provider's stock. Rosenblatt Securities' target price suggests a potential upside of 10.04% from the company's previous close.

JNPR has been the topic of a number of other reports. Evercore ISI upgraded Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Tuesday, February 4th. StockNews.com cut shares of Juniper Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 28th. Barclays upped their price objective on Juniper Networks from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Argus lowered Juniper Networks from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $39.80.

Juniper Networks Stock Up 0.1 %

JNPR stock opened at $36.35 on Friday. The stock has a market capitalization of $12.15 billion, a P/E ratio of 42.27, a P/E/G ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.14. Juniper Networks has a 1-year low of $33.42 and a 1-year high of $39.79. The business has a fifty day moving average price of $35.51 and a 200-day moving average price of $36.75.

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

Insiders Place Their Bets

In other news, COO Manoj Leelanivas sold 30,978 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total value of $1,115,827.56. Following the completion of the sale, the chief operating officer now directly owns 94,771 shares of the company's stock, valued at $3,413,651.42. This trade represents a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.28% of the company's stock.

Institutional Investors Weigh In On Juniper Networks

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in Juniper Networks by 25.5% in the fourth quarter. Pacer Advisors Inc. now owns 37,696 shares of the network equipment provider's stock worth $1,412,000 after purchasing an additional 7,668 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Juniper Networks during the 4th quarter valued at about $1,374,000. US Bancorp DE boosted its position in Juniper Networks by 4.5% in the 4th quarter. US Bancorp DE now owns 15,394 shares of the network equipment provider's stock valued at $577,000 after buying an additional 660 shares during the period. KBC Group NV grew its stake in Juniper Networks by 12.1% in the 4th quarter. KBC Group NV now owns 88,162 shares of the network equipment provider's stock worth $3,302,000 after acquiring an additional 9,548 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Juniper Networks by 5.1% during the third quarter. Principal Financial Group Inc. now owns 446,529 shares of the network equipment provider's stock worth $17,406,000 after acquiring an additional 21,651 shares during the period. 91.95% of the stock is currently owned by hedge funds and other 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.

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