Juniper Networks (NYSE:JNPR) Rating Increased to Strong-Buy at StockNews.com

Juniper Networks (NYSE:JNPR) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Other equities analysts have also recently issued research reports about the company. Argus cut Juniper Networks from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Barclays lifted their price objective on shares of Juniper Networks from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Rosenblatt Securities restated a “neutral” rating and set a $40.00 price objective on shares of Juniper Networks in a report on Friday, November 1st. Finally, Evercore ISI upgraded shares of Juniper Networks from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.80.

Juniper Networks Stock Performance

Shares of NYSE:JNPR opened at $36.03 on Tuesday. The business has a fifty day moving average of $37.25 and a 200-day moving average of $37.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.46. Juniper Networks has a twelve month low of $33.72 and a twelve month high of $39.79. The firm has a market cap of $11.93 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings data on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.57% and a net margin of 5.67%. On average, equities research analysts predict that Juniper Networks will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Juniper Networks by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 43,264,855 shares of the network equipment provider’s stock valued at $1,620,269,000 after purchasing an additional 599,214 shares during the last quarter. State Street Corp boosted its position in Juniper Networks by 3.8% in the third quarter. State Street Corp now owns 15,758,844 shares of the network equipment provider’s stock valued at $614,280,000 after buying an additional 574,418 shares in the last quarter. FIL Ltd grew its stake in shares of Juniper Networks by 20.5% during the fourth quarter. FIL Ltd now owns 12,752,814 shares of the network equipment provider’s stock worth $477,593,000 after buying an additional 2,167,567 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Juniper Networks by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 9,897,002 shares of the network equipment provider’s stock worth $370,461,000 after buying an additional 356,672 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Juniper Networks in the 4th quarter valued at $262,618,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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.