Juniper Networks, Inc. (NYSE:JNPR) Given Consensus Recommendation of “Hold” by Brokerages

01 Oct 2024, 03:42 by Jessica Moore · The Cerbat Gem

Shares of Juniper Networks, Inc. (NYSE:JNPR – Get Free Report) have received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.67.

Several brokerages have issued reports on JNPR. Barclays cut their price objective on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Argus upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, June 18th. Citigroup reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Juniper Networks in a report on Monday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Finally, StockNews.com initiated coverage on shares of Juniper Networks in a report on Monday, September 16th. They issued a “hold” rating for the company.

Read Our Latest Analysis on JNPR

Insider Buying and Selling at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 28,669 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $36.53, for a total transaction of $1,047,278.57. Following the completion of the transaction, the chief financial officer now directly owns 56,107 shares in the company, valued at $2,049,588.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Juniper Networks

A number of hedge funds and other institutional investors have recently modified their holdings of JNPR. Larson Financial Group LLC increased its stake in Juniper Networks by 2,069.4% during the 2nd quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 745 shares during the period. OFI Invest Asset Management acquired a new position in shares of Juniper Networks during the second quarter valued at approximately $31,000. Johnson Financial Group Inc. bought a new stake in Juniper Networks during the fourth quarter worth approximately $35,000. Longfellow Investment Management Co. LLC acquired a new stake in Juniper Networks in the second quarter worth approximately $36,000. Finally, Fidelis Capital Partners LLC bought a new position in Juniper Networks during the 1st quarter valued at $43,000. 91.95% of the stock is currently owned by institutional investors.

Juniper Networks Stock Up 0.1 %

JNPR stock opened at $38.98 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $38.52 and a 200-day simple moving average of $36.84. The company has a market capitalization of $12.67 billion, a P/E ratio of 56.49, a PEG ratio of 11.28 and a beta of 0.93. Juniper Networks has a twelve month low of $24.87 and a twelve month high of $39.79.

Juniper Networks (NYSE:JNPR – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.13). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.25 billion. Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. Juniper Networks’s revenue was down 16.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 earnings per share. On average, equities research analysts predict that Juniper Networks will post 0.97 earnings per share for the current fiscal year.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, August 30th. Juniper Networks’s payout ratio is 127.54%.

About Juniper Networks

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