Can owned about 0.26% of Juniper Networks worth $27,051,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JNPR is valued at 16.42 that allows investors an understanding on the calculation of the market value of Juniper Networks, Inc. relative to its earnings. The fund owned 718,298 shares of the network equipment provider's stock after buying an additional 15,161 shares during the quarter.
NOK stock was up slightly and JNPR stock was down 4% as of Thursday morning. Advisor Group Inc. raised its holdings in shares of Juniper Networks by 35.0% in the third quarter. Finally, SRB Corp raised its position in Juniper Networks by 6.7% in the third quarter. At the time of writing, the stock had slid down -6.60% since the open. (NYSE:JNPR)'s stock about -7.85% from the 50-day high and 15.63% away from the 50-day low. The company's stock had a trading volume of 28,089,500 shares, compared to its average volume of 5,102,532. Extending back, their stock is trading 4.26% from the 50-Day Simple Moving Average, looking even further back, they are trading -1.20% off of the 200-Day Simple Moving Average.
Juniper had a market capitalization of around $11.26 billion as of Wednesday's close. Juniper Networks, Inc. (NYSE:JNPR) has risen 32.01% since November 30, 2016 and is uptrending.
Nokia shares were down 0.4 percent, while Ericsson's shares were up 0.4 percent. Juniper Networks had a return on equity of 13.19% and a net margin of 12.05%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period past year, the company earned $0.58 EPS.
Nokia has form acquiring rivals, having snapped up Alcatel-Lucent for around $17 billion a year ago in order to boost its fixed network business. On average, analysts predict that Juniper Networks, Inc. will post $2.23 EPS for the current year. Investors of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.35%. Juniper Networks's dividend payout ratio (DPR) is presently 23.26%. That suggests something of the likelihood of a short squeeze in shares of JNPR.
Nokia has quashed rumours it is eyeing a bid for network vendor rival Juniper Networks in a bid that would have reportedly been worth around $16 billion.
Within hours of the CNBC report, however, Nokia, which does not typically comment on market rumours, said it was not preparing an offer for Juniper.
Nokia's statement regarding the news will likely put an end to discussions about a takeover offer for Juniper Networks, Inc. Berenberg Bank started coverage on shares of Juniper Networks in a report on Tuesday, April 4th. The firm earned "Mkt Perform" rating on Monday, January 9 by Bernstein. ValuEngine upgraded Juniper Networks from a "hold" rating to a "buy" rating in a report on Thursday.
In the most updated research from a number of analysts on Wall Street, the company gets 4 Buys and 2 Sell among 26 analysts.
Investigating the productivity proportions of business stock, speculator will discover its ROE, ROA, ROI remaining at 2%, 1.2% and 8%, individually.
In other news, CEO Rami Rahim sold 5,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. Following the completion of the acquisition, the director now owns 22,543 shares in the company, valued at $551,852.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rahul N. Merchant acquired 2,000 shares of the stock in a transaction dated Wednesday, November 8th.
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