Juniper Networks (NYSE:JNPR) Stock Rating Reaffirmed by Citigroup

27 Sep 2024, 08:26 by Tristan Rich · The Markets Daily

Citigroup reaffirmed their neutral rating on shares of Juniper Networks (NYSE:JNPR – Free Report) in a research report report published on Monday morning, Marketbeat reports. The firm currently has a $40.00 price objective on the network equipment provider’s stock.

JNPR has been the subject of several other reports. StockNews.com began coverage on Juniper Networks in a research report on Monday, September 16th. They issued a hold rating for the company. Argus upgraded shares of Juniper Networks from a hold rating to a buy rating and set a $40.00 target price for the company in a report on Tuesday, June 18th. Barclays lowered their price target on shares of Juniper Networks from $41.00 to $40.00 and set an equal weight rating on the stock in a report on Friday, July 26th. Finally, Needham & Company LLC reiterated a hold rating on shares of Juniper Networks in a research note on Friday, July 26th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $36.67.

Check Out Our Latest Research Report on JNPR

Juniper Networks Stock Down 0.1 %

NYSE:JNPR opened at $38.82 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23. The firm has a market cap of $12.62 billion, a PE ratio of 56.26, a price-to-earnings-growth ratio of 11.28 and a beta of 0.93. The company has a 50-day moving average of $38.46 and a 200 day moving average of $36.81. Juniper Networks has a 1-year low of $24.87 and a 1-year high of $39.13.

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

Juniper Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, August 30th. Juniper Networks’s dividend payout ratio is presently 127.54%.

Insider Buying and Selling at Juniper Networks

In other news, CFO Kenneth Bradley Miller sold 40,000 shares of Juniper Networks stock in a transaction on Monday, July 1st. The shares were sold at an average price of $36.50, for a total transaction of $1,460,000.00. Following the completion of the sale, the chief financial officer now directly owns 124,776 shares in the company, valued at $4,554,324. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Juniper Networks

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

About Juniper Networks

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