Juniper Networks, Inc. (NYSE:JNPR) Sees Significant Decrease in Short Interest
Juniper Networks, Inc. (NYSE:JNPR) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 15,287,300 shares, a decrease of 13.4% from the June 15th total of 17,648,100 shares. Based on an average daily trading volume, of 3,390,000 shares, the short-interest ratio is presently 4.5 days. Currently, 4.4% of the company’s stock are sold short.
In related news, CFO Kenneth Bradley Miller sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $27.86, for a total value of $195,020.00. Following the sale, the chief financial officer now owns 84,333 shares in the company, valued at approximately $2,349,517.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Stensrud sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $26.01, for a total value of $910,350.00. Following the completion of the sale, the director now owns 5,531 shares in the company, valued at approximately $143,861.31. The disclosure for this sale can be found here. Insiders sold a total of 71,641 shares of company stock worth $1,929,004 in the last 90 days. 1.10% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in Juniper Networks during the 4th quarter worth about $215,000. Raymond James & Associates raised its holdings in Juniper Networks by 53.5% during the 4th quarter. Raymond James & Associates now owns 29,443 shares of the network equipment provider’s stock worth $792,000 after purchasing an additional 10,267 shares during the last quarter. Geode Capital Management LLC raised its holdings in Juniper Networks by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 6,026,296 shares of the network equipment provider’s stock worth $161,957,000 after purchasing an additional 444,273 shares during the last quarter. MML Investors Services LLC grew its position in shares of Juniper Networks by 11.8% during the 4th quarter. MML Investors Services LLC now owns 8,761 shares of the network equipment provider’s stock worth $236,000 after buying an additional 924 shares during the period. Finally, Hancock Whitney Corp acquired a new position in shares of Juniper Networks during the 4th quarter worth about $536,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.
JNPR traded up $0.13 during trading on Tuesday, hitting $26.98. 1,052,146 shares of the company’s stock traded hands, compared to its average volume of 2,946,767. The business’s 50 day moving average is $26.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.13 and a quick ratio of 2.89. Juniper Networks has a 12-month low of $24.51 and a 12-month high of $30.80. The firm has a market cap of $9.30 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 25th. The network equipment provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Juniper Networks will post 1.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.82%. Juniper Networks’s dividend payout ratio (DPR) is currently 55.88%.
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.
Further Reading: Rule of 72
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.