Juniper Networks (JNPR) : Saddle Road Partners added new position in Juniper Networks during the most recent quarter end. The investment management firm now holds 21,107 shares of Juniper Networks which is valued at $501,291 , the company said in a statement filed on Apr 21, 2016 with the SEC.Juniper Networks makes up approximately 0.11% of Saddle Road Partners’s portfolio.
Juniper Networks opened for trading at $23.5 and hit $23.86 on the upside on Wednesday, eventually ending the session at $23.81, with a gain of 1.10% or 0.26 points. The heightened volatility saw the trading volume jump to 44,32,841 shares. Company has a market cap of $9,110 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in JNPR during the most recent quarter. The investment firm sold 68,216 shares of JNPR which is valued $1,620,130.Alpha Windward boosted its stake in JNPR in the latest quarter, The investment management firm added 16,140 additional shares and now holds a total of 16,870 shares of Juniper Networks which is valued at $398,807. Juniper Networks makes up approx 0.28% of Alpha Windward’s portfolio. Santa Fe Partners sold out all of its stake in JNPR during the most recent quarter. The investment firm sold 135,568 shares of JNPR which is valued $3,204,828. Kanaly Trust Co sold out all of its stake in JNPR during the most recent quarter. The investment firm sold 800 shares of JNPR which is valued $18,912.British Columbia Investment Management Corp reduced its stake in JNPR by selling 28,219 shares or 11.58% in the most recent quarter. The Hedge Fund company now holds 215,385 shares of JNPR which is valued at $5,360,933. Juniper Networks makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.
On the company’s financial health, Juniper Networks reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.59. The company had revenue of $1319.60 million for the quarter, compared to analysts expectations of $1296.97 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Juniper Networks. Shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 24 from a previous price target of $26 .Shares were Reiterated by Stifel on Apr 12, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $34 .Shares were Reiterated by MKM Partners on Apr 12, 2016 to “Neutral” and Lowered the Price Target to $ 26 from a previous price target of $27 .
Juniper Networks Inc. designs develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in more than 100 countries in three geographic regions: Americas; Europe Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company sells its network products and service offerings across routing switching and security. In addition to its products the Company offers its customers worldwide services including technical support professional services education and training programs. The Companys routing products include ACX Series MX Series M Series PTX Series and T Series. Its switching products include EX Series and QFX Series. The Companys security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch. Its Junos Platform includes a range of products such as Junos OS Junos Space and Contrail.