Juniper Networks, Inc. (NYSE:JNPR) VP Terrance F. Spidell sold 3,313 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $91,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Juniper Networks, Inc. (NYSE JNPR) remained flat at $27.16 during mid-day trading on Friday. The company’s stock had a trading volume of 2,880,438 shares. The company has a market cap of $10.33 billion, a P/E ratio of 16.25 and a beta of 1.07. Juniper Networks, Inc. has a 12 month low of $22.40 and a 12 month high of $30.96. The stock has a 50-day moving average price of $28.37 and a 200-day moving average price of $28.55.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Equities research analysts expect that Juniper Networks, Inc. will post $2.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
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Several brokerages have recently issued reports on JNPR. Zacks Investment Research upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $30.00 price objective (up from $27.00) on shares of Juniper Networks in a research note on Wednesday, April 26th. Raymond James Financial, Inc. upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Friday, July 21st. Instinet reiterated a “buy” rating and issued a $33.00 price objective on shares of Juniper Networks in a research note on Tuesday, July 4th. Finally, TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.94.
Several institutional investors have recently bought and sold shares of JNPR. Acrospire Investment Management LLC raised its position in Juniper Networks by 837.8% in the first quarter. Acrospire Investment Management LLC now owns 4,689 shares of the network equipment provider’s stock valued at $130,000 after buying an additional 4,189 shares during the period. Creative Planning raised its stake in shares of Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of Juniper Networks during the second quarter valued at approximately $204,000. Menta Capital LLC bought a new stake in shares of Juniper Networks during the first quarter valued at approximately $205,000. Finally, River Wealth Advisors LLC bought a new stake in shares of Juniper Networks during the second quarter valued at approximately $206,000. 92.77% of the stock is owned by hedge funds and other institutional investors.
About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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