Brokerages Set Juniper Networks, Inc. (NYSE:JNPR) Target Price at $37.63

Shares of Juniper Networks, Inc. (NYSE:JNPR) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.63.

A number of research firms recently weighed in on JNPR. Barclays lowered their price objective on shares of Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Citigroup reissued a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. StockNews.com started coverage on shares of Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday, July 26th.

Hedge Funds Weigh In On Juniper Networks

Several hedge funds have recently modified their holdings of the stock. Oak Thistle LLC increased its holdings in Juniper Networks by 4.6% in the 2nd quarter. Oak Thistle LLC now owns 8,015 shares of the network equipment provider’s stock worth $292,000 after buying an additional 353 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Juniper Networks by 1.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,941 shares of the network equipment provider’s stock worth $1,019,000 after buying an additional 400 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Juniper Networks by 8.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,903 shares of the network equipment provider’s stock worth $179,000 after buying an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Juniper Networks by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock worth $211,000 after buying an additional 422 shares during the period. Finally, Keene & Associates Inc. increased its holdings in Juniper Networks by 3.8% in the 2nd quarter. Keene & Associates Inc. now owns 11,485 shares of the network equipment provider’s stock worth $419,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Stock Down 0.1 %

NYSE:JNPR opened at $39.17 on Friday. Juniper Networks has a 1-year low of $24.87 and a 1-year high of $39.79. The company has a 50-day moving average of $38.84 and a 200 day moving average of $37.07. The firm has a market cap of $12.73 billion, a PE ratio of 56.77, a price-to-earnings-growth ratio of 11.26 and a beta of 0.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.23.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, July 25th. The network equipment provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Juniper Networks had a return on equity of 8.02% and a net margin of 4.58%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was down 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Juniper Networks will post 0.97 EPS for the current fiscal year.

About Juniper Networks

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.