Following The Money: Institution’s Growing Stake In Juniper Networks Inc (NYSE: JNPR)

Juniper Networks Inc (JNPR) concluded trading on Wednesday at a closing price of $39.01, with 8.03 million shares of worth about $313.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.78% during that period and on November 06, 2024 the price saw a loss of about -0.36%. Currently the company’s common shares owned by public are about 331.09M shares, out of which, 326.61M shares are available for trading.

Stock saw a price change of 0.15% in past 5 days and over the past one month there was a price change of 0.62%. Year-to-date (YTD), JNPR shares are showing a performance of 32.33% which increased to 42.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.83 but also hit the highest price of $39.79 during that period. The average intraday trading volume for Juniper Networks Inc shares is 3.24 million. The stock is currently trading -0.07% below its 20-day simple moving average (SMA20), while that difference is up 0.34% for SMA50 and it goes to 4.92% higher than SMA200.

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Juniper Networks Inc (NYSE: JNPR) currently have 331.09M outstanding shares and institutions hold larger chunk of about 80.60% of that.

The stock has a current market capitalization of $12.92B and its 3Y-monthly beta is at 0.92. PE ratio of stock for trailing 12 months is 51.42, while it has posted earnings per share of $0.76 in the same period. Its PEG reads 8.57 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JNPR, volatility over the week remained 0.64% while standing at 0.46% over the month.

Analysts are in expectations that Juniper Networks Inc (JNPR) stock would likely to be making an EPS of 0.56 in the current quarter, while forecast for next quarter EPS is 0.38 and it is 1.96 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.43 which is 0.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.61 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -27.45% while it is estimated to increase by 18.27% in next year. EPS is likely to grow at an annualized rate of 6.00% for next 5-years, compared to annual growth of -9.86% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on September 24, 2024 offering a Neutral rating for the stock and assigned a target price of $40 to it. On October 10, 2023, JP Morgan Downgrade their recommendations, while on July 24, 2023, Raymond James Downgrade their ratings for the stock with a price target of $37. Stock get a Neutral rating from Exane BNP Paribas on July 20, 2023.

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