Juniper Networks - JNPR Stock Forecast, Price & News

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. It also provides switching products, including EX series Ethernet switches to address the access, aggregation, and core layer switching requirements of micro branch, branch office, and campus environments; QFX series of core, spine, and top-of-rack data center switches; and juniper access points, which provide Wi-Fi access and performance. In addition, the company offers security products comprising SRX series services gateways for the data center; Branch SRX family provides an integrated and next-generation firewall; virtual firewall that delivers various features of physical firewalls; and advanced malware protection, a cloud-based service and Juniper ATP. Further, it offers Junos OS, a network operating system; Contrail networking, which provides an open-source and standards-based platform for SDN; Mist AI-driven Wired, Wireless, and WAN assurance solutions to set and measure key metrics; Mist AI-driven Marvis Virtual Network Assistant, which identifies the root cause of issues; Juniper Paragon Automation, a modular portfolio of cloud-native software applications; and Juniper Apstra to automate the network lifecycle in a single system. Additionally, the company provides software-as-a-service, technical support, maintenance, and professional services, as well as education and training programs. It sells its products through direct sales, distributors, value-added resellers, and original equipment manufacturers to end-users in the cloud, service provider, and enterprise markets. The company was incorporated in 1996 and is headquartered in Sunnyvale, California.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JNPR. JPMorgan Chase & Co. upgraded shares of Juniper Networks from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $37.00 to $36.00 in a research report on Thursday, July 14th. Credit Suisse Group decreased their price target on shares of Juniper Networks from $28.00 to $27.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 27th. Citigroup decreased their price target on shares of Juniper Networks from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 27th. Cowen decreased their price target on shares of Juniper Networks to $29.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. Finally, KeyCorp decreased their price target on shares of Juniper Networks from $46.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 27th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Juniper Networks presently has a consensus rating of "Hold" and an average price target of $33.41.

Juniper Networks Price Performance

JNPR Stock traded down $0.28 during trading on Wednesday, hitting $28.82. 1,782,655 shares of the stock traded hands, compared to its average volume of 4,127,828. Juniper Networks has a one year low of $26.20 and a one year high of $38.14. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.02 and a beta of 0.88. The company has a 50 day simple moving average of $28.40 and a 200 day simple moving average of $31.76. The company has a current ratio of 1.58, a quick ratio of 1.37 and a debt-to-equity ratio of 0.38.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.91%. The ex-dividend date is Wednesday, August 31st. Juniper Networks's dividend payout ratio is currently 70.59%.

Insider Activity at Juniper Networks

In related news, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $28.15, for a total transaction of $156,373.25. Following the completion of the transaction, the chief executive officer now directly owns 868,595 shares of the company's stock, valued at approximately $24,450,949.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 23,610 shares of company stock valued at $665,163 in the last ninety days. Insiders own 1.30% of the company's stock.