The stock of Juniper Networks Inc. (NYSE:JNPR) increased by $0.02 on Wednesday to $28.53, up 0.07 percent. The last five days have seen an average of 1,584,163 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$3.41. The average number of shares traded over the last 20 days was 3,219,126, while the average volume over the last 50 days totaled 3,734,308.
JNPR stock appreciated 1.86% since last month. On 08/16/23, the company’s shares reached a one-month low of $27.10. The stock touched a high of $34.53 on 04/03/23, after rallying from a low of $25.18 in 52 weeks. The price of JNPR stock has declined by -10.73% or -$3.41 this year, reaching a new high 6 times. Still, the stock price is down -17.38% from the 52-week high.
Insider Transactions
JNPR stock investors should be aware that Juniper Networks Inc. (JNPR) stock had its last reported insider trading activity 15 days ago on Aug 15. On Aug 15, EVP CFO Miller Kenneth Bradley sold 15,000 shares at $27.61 each. This transaction resulted in the insider making $414,075. On Aug 01, DelSanto Anne sold 900 shares at a price of US$27.98. After the transaction, the insider now owns 29,243 shares. Director DelSanto Anne had earlier sold 900 shares on Jul 03 for $31.21 a share. The transaction was completed for $28,089.
Valuation Metrics
Juniper Networks Inc. (JNPR) has a trailing price-to-earnings (P/E) ratio of 22.82. Beta for the stock is 0.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 2.09, and the price-to-cash flow ratio of 16.06.
Company paid $0.22 per share in dividends, remained unchanged from $0.22 last year.
Financial Health
For the three months ended June 29, Juniper Networks Inc.’s quick ratio was 1.20, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.37, and the total debt to equity ratio is 0.37. As far as profitability goes, gross margin for the trailing twelve months is 56.50% percent. Juniper Networks Inc.’s EBITDA margin for the year ended June 29 was 14.94%, whereas its operating margin stood at 10.80% for the same period. Based on annual data, it had gross profit of $2.96 billion and revenue of $5.3 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JNPR’s return on assets (ROA) during the last 12 months has been 4.50%. There was a 8.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.40%.
Earnings Surprise
According to Juniper Networks Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.43 billion, while revenues rose by 11.22% to $1.37 billion. It was predicted that Juniper Networks Inc.’s quarterly earnings would be $0.58, but it ended up being $0.55, beating the consensus by 5.50%. EBITDA was $190.2 million for the quarter. At the end of Juniper Networks Inc.’s most recent quarter ended June 29, its liabilities totaled 5.02 billion, while its total debt was $1.79 billion. Equity owned by shareholders amounts to $321.36 million.
Technical Picture
Here’s a quick look at Juniper Networks Inc.’s (JNPR) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 58.57%, suggesting the stock is Neutral, with a 12.10% historical volatility rate.
The stochastic %K and %D were 91.06% and 82.15% respectively, while the average true range (ATR) was 0.43. Based on the 14-day stochastic reading of 95.08%, the RSI (14) reading is 51.78%. On the 9-day MACD Oscillator, the stock is at 0.21, and the 14-day reading is at 0.44.
Analyst Ratings
Juniper Networks Inc. (NYSE: JNPR) was downgraded by Raymond James to a an Outperform rating in its latest research report. The stock was previously rated as a a Strong buy. Analysts have assigned Juniper Networks Inc. (JNPR) an Overweight rating. JNPR is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is JNPR’s price target for the next 12 months?
The current consensus forecast for the stock is between $28.00 and $38.00, with a median target price of $34.00. In analyzing these forecasts, the average price target given by analysts for Juniper Networks Inc. (JNPR) is $32.57.
