Juniper Networks (NYSE:JNPR) PT Raised to $28.00

Juniper Networks (NYSE:JNPR) had its price objective boosted by JPMorgan Chase & Co. from $27.00 to $28.00 in a research report released on Wednesday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has an overweight rating on the network equipment provider’s stock.

JNPR has been the subject of a number of other reports. Rosenblatt Securities raised their price target on Juniper Networks from $25.00 to $26.50 and gave the stock a neutral rating in a research note on Friday, July 24th. Needham & Company LLC reissued a buy rating and set a $27.00 target price on shares of Juniper Networks in a research note on Monday, July 20th. Nomura upped their price target on shares of Juniper Networks from $24.00 to $27.00 in a report on Wednesday, April 29th. Goldman Sachs Group upgraded shares of Juniper Networks from a neutral rating to a buy rating and lifted their price objective for the company from $23.00 to $28.00 in a report on Wednesday, April 29th. Finally, Morgan Stanley upped their target price on shares of Juniper Networks from $18.00 to $20.00 and gave the stock an underweight rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $24.89.

Shares of NYSE JNPR opened at $25.38 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.93 and a debt-to-equity ratio of 0.39. Juniper Networks has a 12-month low of $15.20 and a 12-month high of $27.32. The firm’s 50-day moving average price is $23.32 and its 200-day moving average price is $22.78. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.87 and a beta of 0.96.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 28th. The network equipment provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. Juniper Networks had a return on equity of 8.71% and a net margin of 7.89%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. On average, equities analysts predict that Juniper Networks will post 1.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. Juniper Networks’s dividend payout ratio is currently 66.12%.

Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in shares of Juniper Networks by 89.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,472 shares of the network equipment provider’s stock worth $33,000 after acquiring an additional 696 shares in the last quarter. Ellevest Inc. purchased a new position in Juniper Networks during the first quarter worth approximately $41,000. CSat Investment Advisory L.P. boosted its holdings in shares of Juniper Networks by 20.4% in the 1st quarter. CSat Investment Advisory L.P. now owns 2,941 shares of the network equipment provider’s stock valued at $57,000 after purchasing an additional 498 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Juniper Networks by 47.3% during the 1st quarter. Fifth Third Bancorp now owns 3,343 shares of the network equipment provider’s stock valued at $64,000 after buying an additional 1,074 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of Juniper Networks during the 2nd quarter worth $128,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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