Kenneth Bradley Miller Sells 7,000 Shares of Juniper Networks, Inc. (NYSE:JNPR) Stock

Juniper Networks, Inc. (NYSE:JNPR) CFO Kenneth Bradley Miller sold 7,000 shares of Juniper Networks stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $27.86, for a total value of $195,020.00. Following the completion of the transaction, the chief financial officer now owns 84,333 shares of the company’s stock, valued at $2,349,517.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kenneth Bradley Miller also recently made the following trade(s):

  • On Friday, February 1st, Kenneth Bradley Miller sold 7,000 shares of Juniper Networks stock. The shares were sold at an average price of $26.00, for a total value of $182,000.00.

Shares of Juniper Networks stock traded down $0.68 on Friday, hitting $25.18. 5,010,620 shares of the company traded hands, compared to its average volume of 3,538,924. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.41. Juniper Networks, Inc. has a 12-month low of $24.82 and a 12-month high of $30.80. The stock has a market cap of $9.02 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.91 and a beta of 0.84.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, April 25th. The network equipment provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.11 by $0.15. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $983.92 million. Juniper Networks had a net margin of 12.34% and a return on equity of 10.67%. Juniper Networks’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. On average, equities research analysts expect that Juniper Networks, Inc. will post 1.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, May 31st. Juniper Networks’s dividend payout ratio is presently 55.88%.

A number of large investors have recently modified their holdings of JNPR. Covington Capital Management bought a new stake in Juniper Networks during the fourth quarter valued at about $31,000. Bremer Bank National Association bought a new stake in Juniper Networks during the first quarter valued at about $39,000. Bremer Trust National Association bought a new stake in Juniper Networks during the fourth quarter valued at about $41,000. Financial Gravity Companies Inc. bought a new stake in Juniper Networks during the fourth quarter valued at about $47,000. Finally, CKW Financial Group boosted its holdings in Juniper Networks by 33.3% during the fourth quarter. CKW Financial Group now owns 2,000 shares of the network equipment provider’s stock valued at $54,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, April 8th. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, April 25th. Piper Jaffray Companies set a $27.00 target price on shares of Juniper Networks and gave the company a “hold” rating in a research note on Tuesday, March 5th. ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Royal Bank of Canada cut their target price on shares of Juniper Networks to $26.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 30th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Juniper Networks currently has a consensus rating of “Hold” and a consensus target price of $28.15.

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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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