Juniper Networks (NYSE:JNPR) Upgraded by StockNews.com to “Buy” Rating

Juniper Networks (NYSE:JNPR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other equities analysts have also weighed in on the stock. Rosenblatt Securities restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. Barclays reduced their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.25.

Juniper Networks Stock Performance

JNPR stock opened at $34.37 on Friday. The stock’s fifty day moving average price is $37.36 and its 200-day moving average price is $38.06. Juniper Networks has a 1 year low of $33.72 and a 1 year high of $39.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30. The company has a market cap of $11.38 billion, a P/E ratio of 45.22, a price-to-earnings-growth ratio of 8.57 and a beta of 0.88.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in shares of Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after purchasing an additional 447 shares during the period. Quarry LP lifted its stake in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock worth $56,000 after purchasing an additional 644 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Juniper Networks during the third quarter valued at approximately $61,000. Longfellow Investment Management Co. LLC grew its stake in shares of Juniper Networks by 84.7% during the third quarter. Longfellow Investment Management Co. LLC now owns 1,830 shares of the network equipment provider’s stock valued at $71,000 after buying an additional 839 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Juniper Networks in the third quarter worth approximately $76,000. Institutional investors own 91.95% of the company’s stock.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.