Juniper Networks, Inc. (NYSE:JNPR) CEO Rami Rahim sold 5,400 shares of Juniper Networks stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $30.44, for a total transaction of $164,376.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Rami Rahim also recently made the following trade(s):
- On Friday, November 9th, Rami Rahim sold 5,400 shares of Juniper Networks stock. The stock was sold at an average price of $29.98, for a total transaction of $161,892.00.
Shares of NYSE JNPR traded down $1.55 during midday trading on Friday, reaching $29.12. The company’s stock had a trading volume of 9,816,000 shares, compared to its average volume of 5,046,315. The company has a quick ratio of 2.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.38. Juniper Networks, Inc. has a fifty-two week low of $23.61 and a fifty-two week high of $30.80. The company has a market capitalization of $10.50 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 4.33 and a beta of 0.88.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Juniper Networks, Inc. will post 1.32 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. Juniper Networks’s dividend payout ratio is presently 41.62%.
Several large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its stake in shares of Juniper Networks by 35.9% in the third quarter. Canada Pension Plan Investment Board now owns 1,637,017 shares of the network equipment provider’s stock valued at $49,061,000 after buying an additional 432,200 shares in the last quarter. Dean Capital Investments Management LLC bought a new position in shares of Juniper Networks in the third quarter valued at $220,000. DekaBank Deutsche Girozentrale grew its stake in shares of Juniper Networks by 7.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 48,038 shares of the network equipment provider’s stock valued at $1,417,000 after buying an additional 3,432 shares in the last quarter. American International Group Inc. grew its stake in shares of Juniper Networks by 5.2% in the third quarter. American International Group Inc. now owns 132,956 shares of the network equipment provider’s stock valued at $3,985,000 after buying an additional 6,564 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Juniper Networks in the third quarter valued at $438,000. 93.27% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on JNPR. Credit Suisse Group set a $21.00 target price on shares of Juniper Networks and gave the stock a “sell” rating in a report on Wednesday, July 18th. Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. BMO Capital Markets downgraded shares of Juniper Networks from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $30.00 to $27.00 in a report on Friday, July 27th. Piper Jaffray Companies set a $29.00 target price on shares of Juniper Networks and gave the stock a “hold” rating in a report on Wednesday, October 24th. Finally, Deutsche Bank upgraded shares of Juniper Networks from a “hold” rating to a “buy” rating and raised their target price for the stock from $25.00 to $32.00 in a report on Monday, July 30th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks currently has an average rating of “Hold” and an average target price of $27.75.
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Juniper Networks Company Profile
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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