Trader Alert: Unusual Volume Spotted in Juniper Networks, Inc. (NYSE:JNPR)


Juniper Networks, Inc. (Juniper Networks), launched on September 10, 1997, designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. (NYSE:JNPR). Canada Pension Plan Board invested 0.08% of its portfolio in Juniper Networks, Inc. (NYSE:JNPR) on Monday, July 10 to "Outperform" rating.

The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.10 for CSCO and 2.80 for JNPR, which implies that analysts are more bullish on the outlook for JNPR. They now have a United States dollars 30 price target on the stock. They will look at all the outstanding factors to analyze what stocks are ripe for buying, and then calculate the best possible entry point. Finally, Instinet reissued a buy rating and issued a $33.00 target price on shares of Juniper Networks in a research report on Tuesday, July 4th. Of the 26 analysts surveyed by Reuters that track JNPR 17 of them rate its stock a hold. The stock has an average rating of "Hold" and a consensus price target of $30.82. Juniper Networks, Inc. (NYSE:JNPR) has risen 32.01% since October 12, 2016 and is uptrending. The company's stock had a trading volume of 19,813,572 shares. The 50 day moving average moved down $-2.35 whereas the 200 day average was down by -11.12%.

The P/E ratio is now 15.162 and the market cap is 9.64B. The stock grabbed 97 new institutional investments totaling 11,887,081 shares while 23 institutional investors sold out their entire positions totaling 1,064,502 shares.

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While considering EPS estimates of the company, it has next quarter growth estimates of 0.64 whereas during current year it has 2.24 estimations over growth, comparing to the estimations of 2.35 during next year.

Looking further at additional technical indicators we take note that 14-day Commodity Channel Index (CCI) for Juniper Networks (JNPR) is sitting at -244.11.

The company now sees third-quarter revenue of between $1.25 billion to $1.26 billion, compared with previous guidance of between $1.29 billion and $1.35 billion. Next quarter's EPS is expected be $0.63 and the next full year EPS is projected to be $2.35.

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Juniper Networks, Inc.'s P/E ratio is 15.15 and the market cap of the company is 9.63B.

Returns and Valuations for Juniper Networks, Inc. "(JNPR) Downgraded to "Neutral" at Bank of America Corporation" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another domain, it was copied illegally and reposted in violation of worldwide copyright and trademark law. Fil Ltd has 0.79% invested in Juniper Networks, Inc. The rating was maintained by KeyBanc Capital Markets with "Hold" on Thursday, September 21. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%. Royal Bank Of Canada reissued a "hold" rating and set a $30.00 price target on shares of Juniper Networks in a research report on Wednesday, August 2nd. Veritable Limited Partnership has invested 0.01% of its portfolio in Juniper Networks, Inc. 76,900 shares were sold by SINDHU PRADEEP, worth $2.35M. The stock was sold at an average price of $30.00, for a total value of $150,930.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The fund bought 16,200 shares of the network equipment provider's stock, valued at approximately $452,000. 10,700 shares valued at $327,796 were sold by rahim rami on Thursday, May 11. The disclosure for this sale can be found here. The shares were sold at an average price of $27.43, for a total value of $438,880.00.

A number of other institutional investors and hedge funds have also made changes to their positions in JNPR. Private Advisor Group Llc reported 7,602 shares or 0.01% of all its holdings. JPMorgan Chase & Co. now owns 864,754 shares of the network equipment provider's stock valued at $24,066,000 after acquiring an additional 683,217 shares during the last quarter. Juniper Networks, Inc. has a one year low of $22.41 and a one year high of $30.96. OppenheimerFunds Inc. lifted its stake in shares of Juniper Networks by 11.0% in the 1st quarter. Moreover, Bedrijfstakpensioenfonds Voor De Media Pno has 0.13% invested in Juniper Networks, Inc.

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Shares of Glowpoint, Inc. In our view, this lends credence to the company's claim that the 3Q17 miss was largely due to the Cloud vertical and the Switching product category, since Switching is Juniper's lowest GMs product category.