UBS Group AG expanded its stake in Juniper Networks, Inc. (NYSE:JNPR) by 306.8% during the first quarter, as per its latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,343 shares of the network equipment provider’s stock after buying an additional 136,770 shares during the period. UBS Group AG's possessions in Juniper Networks were worth $5,046,000 at the end of the most recent quarter.
Shares of Juniper Networks, Inc. traded up 2.37% during trading on Friday, hitting $28.45. The stock had a trading volume of 3,434,337 shares. The stock’s 50-day moving average is $29.27 and its 200-day moving average is $28.49. Juniper Networks, Inc. has a 12-month low of $21.18 and a 12-month high of $30.96. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 17.99 and a beta of 1.08.
Juniper Networks last issued its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts anticipate that Juniper Networks, Inc. will post $2.23 earnings per share for the current fiscal year.
CREDITS: Juniper Networks.
YOU MIGHT ALSO LIKE::
Benchmark Electronics will develop Qualcomm’s biometric patches to monitor vital signs and track patients