In yesterday’s Wall Street session, Juniper Networks Inc. (NYSE:JNPR) shares traded at $31.73, down -1.58% from the previous session.
20 analysts cover Juniper Networks Inc. (NYSE:JNPR), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $25.00, we find $34.00. Given the previous closing price of $32.24, this indicates a potential upside of 5.46 percent. JNPR stock price is now 11.82% away from the 50-day moving average and 3.82% away from the 200-day moving average. The market capitalization of the company currently stands at $9.95B.
The stock has received a hold rating from 10 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $34.17 as their price target over the next twelve months.
With the price target enhanced from $36 to $37, Raymond James Upgraded its rating from Outperform to Strong Buy for Juniper Networks Inc. (NYSE: JNPR). On October 18, 2022, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $27 to quote $29, while ‘BofA Securities’ rates the stock as ‘Underperform’.
In other news, Mobassaly Robert, SVP General Counsel sold 4,286 shares of the company’s stock on Nov 18. The stock was sold for $135,009 at an average price of $31.50. Upon completion of the transaction, the SVP General Counsel now directly owns 19,221 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 03, Chief Executive Officer rahim rami sold 6,250 shares of the business’s stock. A total of $186,364 was realized by selling the stock at an average price of $29.82. This leaves the insider owning 801,235 shares of the company worth $25.42 million. Insiders disposed of 985,321 shares of company stock worth roughly $31.26 million over the past 1 year. A total of 1.34% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JNPR stock. A new stake in Juniper Networks Inc. shares was purchased by INTRINSIC EDGE CAPITAL MANAGEMENT LLC during the first quarter worth $20,946,000. SMITH GROUP ASSET MANAGEMENT, LLC invested $18,626,000 in shares of JNPR during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Juniper Networks Inc. valued at approximately $17,769,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in JNPR for approximately $11,295,000. FORCE HILL CAPITAL MANAGEMENT LP purchased a new stake in JNPR valued at around $9,348,000 in the second quarter. In total, there are 799 active investors with 93.20% ownership of the company’s stock.
During the past 12 months, Juniper Networks Inc. has had a low of $25.18 and a high of $38.14. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.70, and a quick ratio of 1.40. The fifty day moving average price for JNPR is $28.45 and a two-hundred day moving average price translates $30.55 for the stock.
The latest earnings results from Juniper Networks Inc. (NYSE: JNPR) was released for Sep, 2022. According to the Communication Equipment Company, earnings per share came in at $0.58, beating analysts’ expectations of $0.5 by 0.08. This compares to $0.27 EPS in the same period last year. The net profit margin was 8.20% and return on equity was 9.90% for JNPR. The company reported revenue of $1.41 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.99 percent. For the current quarter, analysts expect JNPR to generate $1.48B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/22/2020. Investors who held shares on 12/01/2020 were paid a $0.20 dividend. On an annualized basis, this represents a $0.84 dividend and a 2.65% percent yield. There was an ex-dividend date of 11/30/2020 for this dividend. In terms of dividend payout ratio, JNPR is presently at 63.10%.
Juniper Networks Inc.(JNPR) Company Profile
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.