Juniper Networks, Inc. (NYSE:JNPR) EVP Vincent Molinaro sold 7,647 shares of Juniper Networks stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $26.21, for a total transaction of $200,427.87. Following the transaction, the executive vice president now owns 17,989 shares of the company’s stock, valued at approximately $471,491.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Juniper Networks, Inc. (JNPR) opened at $26.03 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.70 and a current ratio of 2.41. Juniper Networks, Inc. has a 52 week low of $23.87 and a 52 week high of $30.96. The stock has a market cap of $9,706.89, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.89.
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, topping the 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. Juniper Networks’s revenue for the quarter was down 10.5% on a year-over-year basis. sell-side analysts predict that Juniper Networks, Inc. will post 1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 annualized dividend and a dividend yield of 2.77%. Juniper Networks’s dividend payout ratio is 49.38%.
Juniper Networks declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 30th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
JNPR has been the subject of a number of analyst reports. Deutsche Bank reissued a “sell” rating and issued a $20.00 price objective on shares of Juniper Networks in a research report on Friday, January 5th. Stifel Nicolaus initiated coverage on shares of Juniper Networks in a research report on Thursday, December 14th. They issued a “hold” rating and a $28.00 price objective for the company. MKM Partners boosted their price objective on shares of Juniper Networks to $31.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. UBS Group raised shares of Juniper Networks from a “market perform” rating to an “outperform” rating in a research report on Monday, January 22nd. Finally, ValuEngine raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.61.
Hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Juniper Networks in the third quarter valued at $111,000. Cerebellum GP LLC purchased a new position in shares of Juniper Networks in the fourth quarter valued at $128,000. Exane Derivatives boosted its stake in shares of Juniper Networks by 278.1% in the fourth quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock valued at $161,000 after purchasing an additional 4,143 shares during the period. Balter Liquid Alternatives LLC purchased a new position in shares of Juniper Networks in the fourth quarter valued at $163,000. Finally, Stevens First Principles Investment Advisors boosted its stake in shares of Juniper Networks by 40.9% in the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after purchasing an additional 2,045 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.
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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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