Credit Suisse Group Raises Juniper Networks (NYSE:JNPR) Price Target to $20.00

Juniper Networks (NYSE:JNPR) had its price objective hoisted by Credit Suisse Group from $17.00 to $20.00 in a research report report published on Wednesday morning, BenzingaRatingsTable reports. They currently have an underperform rating on the network equipment provider’s stock.

A number of other equities research analysts have also issued reports on JNPR. Wolfe Research started coverage on shares of Juniper Networks in a report on Friday, July 24th. They set a peer perform rating and a $25.00 price target on the stock. Piper Sandler boosted their price target on shares of Juniper Networks from $23.00 to $24.00 and gave the company a neutral rating in a report on Wednesday, April 29th. Oppenheimer boosted their price target on shares of Juniper Networks from $24.00 to $26.00 and gave the company an outperform rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upgraded shares of Juniper Networks from a neutral rating to an overweight rating and set a $27.00 price target on the stock in a report on Sunday, April 19th. Finally, Morgan Stanley boosted their price target on shares of Juniper Networks from $18.00 to $20.00 and gave the company an underweight rating in a report on Wednesday, April 29th. Three 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’s stock. The company has an average rating of Hold and an average price target of $24.89.

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

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 28th. The network equipment provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Juniper Networks had a net margin of 7.89% and a return on equity of 8.71%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts anticipate that Juniper Networks will post 1.11 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in Juniper Networks by 4.2% in the first quarter. Pacer Advisors Inc. now owns 11,396 shares of the network equipment provider’s stock worth $257,000 after acquiring an additional 464 shares in the last quarter. CIBC Asset Management Inc grew its position in Juniper Networks by 1.7% in the second quarter. CIBC Asset Management Inc now owns 29,257 shares of the network equipment provider’s stock worth $669,000 after acquiring an additional 494 shares in the last quarter. CSat Investment Advisory L.P. grew its position in Juniper Networks by 20.4% in the first quarter. CSat Investment Advisory L.P. now owns 2,941 shares of the network equipment provider’s stock worth $57,000 after acquiring an additional 498 shares in the last quarter. Quadrant Capital Group LLC grew its position in Juniper Networks by 89.7% in the fourth 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. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Juniper Networks by 1.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 45,627 shares of the network equipment provider’s stock worth $873,000 after buying an additional 735 shares during the period. 89.47% of the stock is owned by institutional investors.

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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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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