A Director at Juniper Networks (NYSE: JNPR) is Buying Shares

By Carrie Williams

Yesterday, a Director at Juniper Networks (NYSE: JNPR), Rahul Merchant, bought shares of JNPR for $48.94K.

This recent transaction increases Rahul Merchant’s holding in the company by 9.74% to a total of $571.7K. This is Merchant’s first transaction since reporting a Sell transaction on FICO back in November 2013

The company has a one-year high of $30.96 and a one-year low of $23.87. JNPR’s market cap is $9.57B and the company has a P/E ratio of 15.01. Currently, Juniper Networks has an average volume of 6.16M.

41 different firms, including Argus Research and Auriga, currently also have a Buy rating on the stock. Based on 17 analyst ratings, the analyst consensus is Hold with an average price target of $28.92, reflecting a -12.3% downside.

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Juniper Networks, Inc. engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S.