Juniper Networks Had An Insider Buy More Stock

Page 1 of 2

John Lawrie, a Board member at Juniper Networks, Inc. (NYSE:JNPR), bought about 16,700 shares of Juniper’s stock on November 29th at an average price of $18 per share, according to a filing with the SEC. This more than doubled Lawrie’s direct holdings in the company. Studies show that stocks bought by insiders tend to outperform the market (see our report on studies on insider trading), and we think that this is partly because insiders have to be quite confident in the stock in order to buy- otherwise it would be rational for them to diversify their investments away from the company. Juniper is a $9.4 billion market cap networking and communication device company, comparable to (though obviously much smaller than) Cisco Systems, Inc. (NASDAQ:CSCO).

Ken Griffin CITADEL INVESTMENT GROUP

In the third quarter of 2012, Juniper Networks, Inc. experienced only a small increase in revenue compared to the same period in 2011. Better sales in services were mostly offset by a decline in product revenue. However, this was an improvement over the first half of the year as Juniper’s revenue was slightly lower in the first nine months of 2012 versus a year earlier. With costs generally higher, the company has seen a large decrease in net income- $17 million in the third quarter as opposed to $84 million in Q3 2011. The stock is down 21% from a year ago. The financial community seems confident that Juniper’s struggles will be short lived. At its current valuation the company is stock is valued at 51 times trailing earnings (so investors expect the company to rebound) but only 16 times analyst consensus for next year (as the sell-side forecasts better performance as well).

Billionaire Ken Griffin’s Citadel Investment Group more than doubled the size of its position in Juniper during the third quarter of the year, and reported owning 5.4 million shares at the end of September (find more of Griffin’s stock picks). D.E. Shaw, a large hedge fund managed by billionaire David Shaw, cut its stake but still owned 1.8 million shares (check out other stocks D.E. Shaw is buying and selling). As a general rule, however, Juniper Networks, Inc. wasn’t particularly popular in the hedge fund community as only one other fund- Diamond Hill Capital- reported a stock position worth over $15 million.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!