Juniper Networks Inc. (NYSE:JNPR) shares traded 0.71% higher at $28.48 on Wall Street last session.
In accordance with the data, 19 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 $38.00 and a low of $28.00, we find $34.00. Given the previous closing price of $28.28, this indicates a potential upside of 20.23 percent. JNPR stock price is now -1.02% away from the 50-day moving average and -7.31% away from the 200-day moving average. The market capitalization of the company currently stands at $9.13B.
It has been rated a hold by 8 analysts and a buy by 7. Brokers who have rated the stock have averaged $32.57 as their price target over the next twelve months.
With the price target reduced from $38 to $37, Raymond James Downgraded its rating from Strong Buy to Outperform for Juniper Networks Inc. (NYSE: JNPR).
In other news, DelSanto Anne, Director sold 900 shares of the company’s stock on Sep 01. The stock was sold for $26,298 at an average price of $29.22. Upon completion of the transaction, the Director now directly owns 28,343 shares in the company, valued at $0.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, EVP CFO Miller Kenneth Bradley sold 15,000 shares of the business’s stock. A total of $414,075 was realized by selling the stock at an average price of $27.61. This leaves the insider owning 225,828 shares of the company worth $6.43 million. Insiders disposed of 966,151 shares of company stock worth roughly $27.52 million over the past 1 year. A total of 1.31% 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 CRESSET ASSET MANAGEMENT, LLC during the first quarter worth $21,494,000. BEACON HARBOR WEALTH ADVISORS, INC. invested $3,969,000 in shares of JNPR during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Juniper Networks Inc. valued at approximately $2,168,000. BAIRD FINANCIAL GROUP, INC. acquired a new stake in JNPR for approximately $1,868,000. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC purchased a new stake in JNPR valued at around $1,805,000 in the second quarter. In total, there are 824 active investors with 93.40% ownership of the company’s stock.
Juniper Networks Inc. (NYSE: JNPR) opened at $28.37 on Tuesday. 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 0.37, a current ratio of 1.70, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $9.62B, which is based on a 22.78 price-to-earnings ratio, a 1.92 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for JNPR is $28.72 and a two-hundred day moving average price translates $30.70 for the stock.
The latest earnings results from Juniper Networks Inc. (NYSE: JNPR) was released for Jun, 2023. According to the Communication Equipment Company, earnings per share came in at $0.58, beating analysts’ expectations of $0.55 by 0.03. This compares to $0.35 EPS in the same period last year. The net profit margin was 7.30% and return on equity was 9.40% for JNPR. The company reported revenue of $1.43 billion for the quarter, compared to $1.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.64 percent. For the current quarter, analysts expect JNPR to generate $1.39B 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 3.09% 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 67.40%.
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.