The stock of Juniper Networks, Inc. (NYSE:JNPR) is a huge mover today! About 2.25 million shares traded hands. Juniper Networks, Inc. (NYSE:JNPR) has declined 3.45% since March 1, 2016 and is downtrending. It has underperformed by 12.69% the S&P500.
The move comes after 8 months positive chart setup for the $9.28B company. It was reported on Oct, 4 by Barchart.com. We have $30.03 PT which if reached, will make NYSE:JNPR worth $2.23 billion more.
Analysts await Juniper Networks, Inc. (NYSE:JNPR) to report earnings on October, 27. They expect $0.42 EPS, down 12.50% or $0.06 from last year’s $0.48 per share. JNPR’s profit will be $160.92 million for 14.42 P/E if the $0.42 EPS becomes a reality. After $0.39 actual EPS reported by Juniper Networks, Inc. for the previous quarter, Wall Street now forecasts 7.69% EPS growth.
Juniper Networks, Inc. (NYSE:JNPR) Ratings Coverage
Out of 17 analysts covering Juniper Networks Inc. (NYSE:JNPR), 7 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 41% are positive. Juniper Networks Inc. has been the topic of 31 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Juniper Networks, Inc. (NYSE:JNPR) earned “Neutral” rating by M Partners on Thursday, January 28. RBC Capital Markets maintained the shares of JNPR in a report on Wednesday, January 20 with “Outperform” rating. On Wednesday, October 14 the stock rating was initiated by Barclays Capital with “Equalweight”. UBS maintained the stock with “Buy” rating in Friday, October 23 report. The firm earned “Perform” rating on Tuesday, January 5 by Oppenheimer. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 23. As per Tuesday, October 6, the company rating was initiated by Citigroup. Citigroup maintained Juniper Networks, Inc. (NYSE:JNPR) on Wednesday, July 27 with “Neutral” rating. The firm has “Hold” rating given on Wednesday, July 6 by Deutsche Bank. The firm has “Buy” rating given on Friday, January 15 by Standpoint Research.
According to Zacks Investment Research, “Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. The company delivers next generation Internet backbone routers that are specifically designed, or purpose-built, for service provider networks and offer our customers increased reliability, performance, scalability, interoperability and flexibility, and reduced complexity and cost compared to current alternatives.”
Insitutional Activity: The institutional sentiment decreased to 0.67 in Q2 2016. Its down 0.19, from 0.86 in 2016Q1. The ratio dived, as 72 funds sold all Juniper Networks, Inc. shares owned while 159 reduced positions. 38 funds bought stakes while 116 increased positions. They now own 323.27 million shares or 6.47% less from 345.64 million shares in 2016Q1.
Texas Permanent School Fund holds 114,602 shares or 0.03% of its portfolio. Ladenburg Thalmann Serv holds 2,304 shares or 0% of its portfolio. Blackrock Inc accumulated 728,817 shares or 0.02% of the stock. X Communication Ltd Company has 5,742 shares for 0.01% of their US portfolio. Hbk Invs L P holds 0% or 17,378 shares in its portfolio. Regions Fincl holds 0% or 14,397 shares in its portfolio. Janus Mngmt Ltd Company, a Colorado-based fund reported 3.96M shares. Schwab Charles Invest Management accumulated 1.05 million shares or 0.03% of the stock. Chevy Chase Tru Holding holds 0.04% of its portfolio in Juniper Networks, Inc. (NYSE:JNPR) for 302,452 shares. International last reported 0% of its portfolio in the stock. Qci Asset Mgmt Inc Ny reported 491 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 60,517 shares or 0.02% of all its holdings. Yorktown Management last reported 10,000 shares in the company. Tcw Grp holds 0.01% or 40,371 shares in its portfolio. The Montana-based Da Davidson And has invested 0% in Juniper Networks, Inc. (NYSE:JNPR).
Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 5 sales for $17.97 million net activity. Shares for $3,283 were sold by SPIDELL TERRANCE F. On Tuesday, August 23 the insider KRIENS SCOTT sold $17.60M. DENUCCIO KEVIN A sold 10,000 shares worth $234,325.
JNPR Company Profile
Juniper Networks, Inc. (Juniper Networks), incorporated on September 10, 1997, designs, develops and sells services and products for high-performance networks to enable clients to build networks for their businesses. The Firm sells its products in over 100 countries in three geographic regions: Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC). The Firm sells its high-performance network products and service offerings across routing, switching and security. The Company’s products address network requirements for global service providers, cloud environments, enterprises, governments, and research and public sector organizations. In addition to its products, the Company offers its clients across the world services, including technical support, professional services, education and training programs.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.