In yesterday’s Wall Street session, Juniper Networks Inc. (NYSE:JNPR) shares traded at $29.33, up 0.38% from the previous session.
As of this writing, 18 analysts cover Juniper Networks Inc. (NYSE:JNPR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $29.00, we find $37.75. Given the previous closing price of $29.22, this indicates a potential upside of 29.19 percent. JNPR stock price is now -2.99% away from the 50-day moving average and -4.83% away from the 200-day moving average. The market capitalization of the company currently stands at $10.05B.
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There are 7 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $36.24 as their price target over the next twelve months.
With the price target of $38, Citigroup recently initiated with Buy rating for Juniper Networks Inc. (NYSE: JNPR).
In other news, DelSanto Anne, Director sold 900 shares of the company’s stock on Jul 03. The stock was sold for $28,089 at an average price of $31.21. Upon completion of the transaction, the Director now directly owns 30,143 shares in the company, valued at $0.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, Chief Executive Officer rahim rami sold 6,250 shares of the business’s stock. A total of $186,992 was realized by selling the stock at an average price of $29.92. This leaves the insider owning 912,746 shares of the company worth $26.77 million. Insiders disposed of 979,981 shares of company stock worth roughly $28.74 million over the past 1 year. A total of 1.30% 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 WOODLINE PARTNERS LP during the first quarter worth $23,076,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $10,162,000 in shares of JNPR during the first quarter. In the first quarter, JEFFERIES FINANCIAL GROUP INC. acquired a new stake in Juniper Networks Inc. valued at approximately $5,817,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in JNPR for approximately $5,463,000. INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC purchased a new stake in JNPR valued at around $3,762,000 in the second quarter. In total, there are 834 active investors with 93.40% ownership of the company’s stock.
Monday morning saw Juniper Networks Inc. (NYSE: JNPR) opened at $28.88. During the past 12 months, Juniper Networks Inc. has had a low of $25.18 and a high of $34.53. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.80, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $10.06B, which is based on a 19.28 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for JNPR is $30.24 and a two-hundred day moving average price translates $30.84 for the stock.
The latest earnings results from Juniper Networks Inc. (NYSE: JNPR) was released for Mar, 2023. According to the Communication Equipment Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.43 by 0.05. This compares to $0.17 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 11.40% for JNPR. The company reported revenue of $1.37 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.43 percent. For the current quarter, analysts expect JNPR to generate $1.42B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/22/2023. Investors who held shares on 03/01/2023 were paid a $0.22 dividend. On an annualized basis, this represents a $0.88 dividend and a 3.00% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend. In terms of dividend payout ratio, JNPR is presently at 54.70%.
