Juniper Networks (NYSE:JNPR - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Friday.
Several other research analysts also recently commented on JNPR. Argus downgraded shares of Juniper Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Evercore ISI upgraded shares of Juniper Networks from an "in-line" rating to an "outperform" rating and set a $40.00 target price on the stock in a research note on Tuesday, February 4th. Finally, Barclays lifted their price target on shares of Juniper Networks from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.80.
Get Our Latest Stock Report on Juniper Networks
Juniper Networks Trading Up 0.2 %
NYSE JNPR traded up $0.08 during trading on Friday, hitting $36.20. The stock had a trading volume of 2,166,932 shares, compared to its average volume of 3,291,927. Juniper Networks has a one year low of $33.72 and a one year high of $39.79. The stock has a 50 day simple moving average of $36.21 and a 200 day simple moving average of $37.38. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 42.09, a P/E/G ratio of 2.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46.
Juniper Networks (NYSE:JNPR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. Sell-side analysts predict that Juniper Networks will post 1.33 earnings per share for the current year.
Insider Activity
In related news, COO Manoj Leelanivas sold 30,978 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,115,827.56. Following the completion of the sale, the chief operating officer now directly owns 94,771 shares in the company, valued at $3,413,651.42. This represents a 24.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.28% of the company's stock.
Hedge Funds Weigh In On Juniper Networks
A number of large investors have recently added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC grew its position in shares of Juniper Networks by 1.9% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 17,413 shares of the network equipment provider's stock worth $652,000 after buying an additional 330 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Juniper Networks by 47.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 363 shares during the last quarter. Townsquare Capital LLC grew its holdings in Juniper Networks by 7.4% in the fourth quarter. Townsquare Capital LLC now owns 6,182 shares of the network equipment provider's stock worth $232,000 after purchasing an additional 426 shares during the last quarter. Wahed Invest LLC increased its position in shares of Juniper Networks by 6.5% during the fourth quarter. Wahed Invest LLC now owns 8,420 shares of the network equipment provider's stock worth $315,000 after purchasing an additional 513 shares in the last quarter. Finally, Gould Capital LLC lifted its holdings in shares of Juniper Networks by 1.9% during the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider's stock valued at $1,142,000 after purchasing an additional 534 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.
About Juniper Networks
(
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.
See Also
Before you consider Juniper Networks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Juniper Networks wasn't on the list.
While Juniper Networks currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
