Piper Sandler Cuts Juniper Networks (NYSE:JNPR) Price Target to $34.00

Juniper Networks (NYSE:JNPRGet Rating) had its target price decreased by Piper Sandler from $36.00 to $34.00 in a research note published on Wednesday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Citigroup upgraded shares of Juniper Networks from a sell rating to a neutral rating and raised their price objective for the company from $25.00 to $36.00 in a research report on Tuesday, April 12th. Barclays lifted their price target on shares of Juniper Networks from $32.00 to $38.00 in a research report on Friday, January 28th. Raymond James lifted their price target on shares of Juniper Networks from $30.00 to $38.00 and gave the company an outperform rating in a research report on Friday, January 28th. Bank of America upgraded shares of Juniper Networks from an underperform rating to a buy rating and lifted their price target for the company from $22.00 to $40.00 in a research report on Tuesday, January 11th. Finally, StockNews.com began coverage on shares of Juniper Networks in a research report on Thursday, March 31st. They set a buy rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of $36.60.

Shares of NYSE:JNPR opened at $31.52 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.63 and a debt-to-equity ratio of 0.39. The company has a market cap of $10.17 billion, a P/E ratio of 30.60, a PEG ratio of 3.17 and a beta of 0.89. Juniper Networks has a 52 week low of $25.33 and a 52 week high of $38.14. The company has a 50-day moving average price of $34.79 and a 200 day moving average price of $33.40.

Juniper Networks (NYSE:JNPRGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The network equipment provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Juniper Networks had a net margin of 7.03% and a return on equity of 9.40%. Juniper Networks’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Analysts expect that Juniper Networks will post 1.41 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.66%. Juniper Networks’s dividend payout ratio (DPR) is 81.55%.

In other Juniper Networks news, EVP Marcus Jewell sold 29,099 shares of Juniper Networks stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $34.38, for a total value of $1,000,423.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $35.05, for a total transaction of $194,702.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,361 shares of company stock valued at $2,930,091. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Juniper Networks by 9.4% in the 4th quarter. BlackRock Inc. now owns 34,261,011 shares of the network equipment provider’s stock worth $1,223,460,000 after acquiring an additional 2,939,731 shares during the period. State Street Corp grew its stake in shares of Juniper Networks by 3.0% during the 4th quarter. State Street Corp now owns 14,957,990 shares of the network equipment provider’s stock valued at $534,150,000 after buying an additional 432,592 shares during the period. FIL Ltd grew its stake in shares of Juniper Networks by 1.0% during the 3rd quarter. FIL Ltd now owns 10,136,523 shares of the network equipment provider’s stock valued at $278,957,000 after buying an additional 103,018 shares during the period. Geode Capital Management LLC grew its stake in shares of Juniper Networks by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 7,179,264 shares of the network equipment provider’s stock valued at $255,984,000 after buying an additional 255,783 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Juniper Networks by 1.3% during the 3rd quarter. Invesco Ltd. now owns 6,735,935 shares of the network equipment provider’s stock valued at $185,372,000 after buying an additional 83,548 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Juniper Networks Company Profile (Get Rating)

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.

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