Juniper Networks Inc (NYSE:JNPR) finished Friday with a subtraction of -$0.05 to close at $27.79, a downside of -0.18 percent. An average of 1,949,640 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 3,012,825 shares traded, while the 50-day average volume stands at 3,611,328.
JNPR stock has decreased by -2.53% in the last month. The company shares reached their 1-month lowest point of $27.23 on 09/27/23. With the stock rallying to its 52-week high on 04/03/23, shares of the company touched a low of $25.18 and a high of $34.53 in 52 weeks. It has reached a new high 6 times so far this year and lost -13.05% or -$4.17 in price. In spite of this, the price is down -19.52% from the 52-week high.
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Insider Transactions
JNPR stock investors should be aware that Juniper Networks Inc (JNPR) stock had its last reported insider trading activity 29 days ago on Sep 01. In this transaction, the insider spent $26,298. EVP CFO, Miller Kenneth Bradley, disposed of 15,000 shares at a price of $27.61 on Aug 15. The insider now owns more than $414,075 worth of shares. Prior to that, Director DelSanto Anne went on to Sale 900 shares at $27.98 each on Aug 01. An amount of $25,182 was transacted.
Valuation Metrics
Juniper Networks Inc (JNPR) has a trailing price-to-earnings (P/E) ratio of 22.22. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.58, the price-to-book (PB) ratio at 2.03, and the price-to-cash flow ratio at 15.78.
The company has a payout ratio of 58.77%. The company’s most recent quarterly dividend payment was $0.22 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday January 31 2023.
Financial Health
The quick ratio of Juniper Networks Inc for the three months ended June 29 was 1.25, and the current ratio was 1.66, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.39 for the quarter ending June 29. Its gross profit as reported stood at $2.96 billion compared to revenue of $5.3 billion.
Earnings Surprise
For the three-month period that ended June 29, Juniper Networks Inc had $1.6 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $24.4 million in the quarter, while revenues of $85.4 million were shrunk -364.75%. The analyst consensus anticipated Juniper Networks Inc’s latest quarter earnings to come in at $0.55 per share, but it turned out to be $0.58, a 5.50% surprise. For the quarter, EBITDA amounted to $190.2 million. Shareholders own equity worth $321.36 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Juniper Networks Inc (JNPR) price momentum. RSI 9-day as of the close on 29 September was 41.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.90%.
As of today, JNPR’s price is $27.71 -0.50% or -$0.14 from its 5-day moving average. JNPR is currently trading -4.57% lower than its 20-day SMA and -3.84% lower than its 100-day SMA. However, the stock’s current price level is -7.15% below the SMA50 and -15.92% below the SMA200.
The stochastic %K and %D were 24.90% and 15.78%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 34.15% and the average true range at 0.44, the RSI (14) stands at 42.79%. The stock has reached -0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.37.
Analyst Ratings
Raymond James downgraded Juniper Networks Inc (NYSE: JNPR) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Strong buy. The consensus rating for Juniper Networks Inc (JNPR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell JNPR, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.
What is JNPR’s price target for the next 12 months?
Analysts predict a range of price targets between $28.00 and $38.00, with a median target of $34.00. Taking a look at these predictions, the average price target given by analysts for Juniper Networks Inc (JNPR) stock is $32.57.
