The price of Juniper Networks Inc (NYSE:JNPR) shares last traded on Wall Street fell -1.16% to $34.95.
JNPR stock price is now -5.23% away from the 50-day moving average and 11.39% away from the 200-day moving average. The market capitalization of the company currently stands at $11.34B.
With the price target reduced from $32 to $29, JP Morgan Downgraded its rating from Overweight to Neutral for Juniper Networks Inc (NYSE: JNPR). On July 24, 2023, Raymond James Downgraded its previous ‘Strong Buy’ rating to ‘Outperform’ on the stock reducing its target price from $38 to quote $37, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, rahim rami, Chief Executive Officer sold 5,555 shares of the company’s stock on Apr 05 ’24. The stock was sold for $205,875 at an average price of $37.06. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,003,429 shares in the company, valued at $35.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, Chief Executive Officer rahim rami sold 5,555 shares of the business’s stock. A total of $205,694 was realized by selling the stock at an average price of $37.03. This leaves the insider owning 1,008,984 shares of the company worth $35.26 million. A total of 1.31% of the company’s stock is owned by insiders.
During the past 12 months, Juniper Networks Inc has had a low of $24.87 and a high of $38.04. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.80, and a quick ratio of 1.35.
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 $0.55 EPS in the same period last year. The net profit margin was 5.57% and return on equity was 6.92% for JNPR. The company reported revenue of $1.36 billion for the quarter, compared to $1.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.8 percent. For the current quarter, analysts expect JNPR to generate $1.24B in revenue.
