Juniper Networks (JNPR) Shares Gap Down to $24.38

Juniper Networks, Inc. (NYSE:JNPR)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $24.87, but opened at $24.38. Juniper Networks shares last traded at $24.50, with a volume of 1872294 shares changing hands.

Several equities analysts recently commented on JNPR shares. Deutsche Bank reiterated a “sell” rating and set a $20.00 price target on shares of Juniper Networks in a report on Friday, January 5th. Piper Jaffray reiterated a “neutral” rating and set a $27.00 price target on shares of Juniper Networks in a report on Wednesday, January 10th. Barclays downgraded shares of Juniper Networks from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $28.00 to $25.00 in a report on Wednesday, January 17th. UBS upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating in a report on Monday, January 22nd. Finally, Oppenheimer upgraded shares of Juniper Networks from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a report on Monday, January 22nd. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Juniper Networks has a consensus rating of “Hold” and an average target price of $28.41.

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The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $8,380.79, a PE ratio of 14.08, a P/E/G ratio of 2.84 and a beta of 0.96.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $0.66 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. equities analysts expect that Juniper Networks, Inc. will post 1.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.96%. Juniper Networks’s dividend payout ratio (DPR) is currently 41.62%.

Juniper Networks declared that its board has initiated a share buyback plan on Tuesday, January 30th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, Director William Stensrud sold 10,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $26.17, for a total transaction of $261,700.00. Following the completion of the sale, the director now owns 5,531 shares of the company’s stock, valued at $144,746.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Terrance F. Spidell sold 8,409 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.47, for a total transaction of $222,586.23. Following the sale, the vice president now directly owns 3,944 shares of the company’s stock, valued at approximately $104,397.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,813 shares of company stock worth $1,124,709. Insiders own 2.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Cerebellum GP LLC purchased a new stake in Juniper Networks during the fourth quarter valued at approximately $128,000. Exane Derivatives lifted its position in Juniper Networks by 278.1% during the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock valued at $161,000 after acquiring an additional 4,143 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new stake in Juniper Networks during the fourth quarter valued at approximately $163,000. Wetherby Asset Management Inc. purchased a new stake in Juniper Networks during the fourth quarter valued at approximately $209,000. Finally, Fox Run Management L.L.C. purchased a new stake in Juniper Networks during the fourth quarter valued at approximately $220,000. 95.49% of the stock is owned by institutional investors.

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Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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