Juniper Networks (JNPR) Updates FY18 Earnings Guidance

Juniper Networks (NYSE:JNPR) updated its FY18 earnings guidance on Friday. The company provided earnings per share guidance of $1.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.87. The company issued revenue guidance of $4.69 billion, compared to the consensus revenue estimate of $4.69 billion.

JNPR has been the topic of several research analyst reports. Credit Suisse Group set a $21.00 target price on shares of Juniper Networks and gave the stock a sell rating in a research report on Wednesday, July 18th. Zacks Investment Research downgraded shares of Juniper Networks from a buy rating to a hold rating in a research report on Tuesday, July 17th. BMO Capital Markets downgraded shares of Juniper Networks from an outperform rating to a market perform rating and dropped their target price for the stock from $30.00 to $27.00 in a research report on Friday, July 27th. Piper Jaffray Companies set a $29.00 target price on shares of Juniper Networks and gave the stock a hold rating in a research report on Wednesday, October 24th. Finally, Deutsche Bank raised shares of Juniper Networks from a hold rating to a buy rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Monday, July 30th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $27.75.

Shares of JNPR stock traded down $1.55 during trading hours on Friday, hitting $29.12. The company’s stock had a trading volume of 9,816,000 shares, compared to its average volume of 5,046,315. The company has a market capitalization of $10.50 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 4.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.47 and a quick ratio of 2.27. Juniper Networks has a 12-month low of $23.61 and a 12-month high of $30.80.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, October 23rd. The network equipment provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Juniper Networks had a net margin of 4.82% and a return on equity of 10.42%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. As a group, sell-side analysts forecast that Juniper Networks will post 1.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Tuesday, December 4th. Juniper Networks’s dividend payout ratio (DPR) is currently 41.62%.

In related news, Director William Stensrud sold 20,000 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $28.20, for a total transaction of $564,000.00. Following the sale, the director now directly owns 5,531 shares of the company’s stock, valued at $155,974.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anand Athreya sold 113,039 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $29.70, for a total transaction of $3,357,258.30. The disclosure for this sale can be found here. Insiders sold a total of 153,839 shares of company stock worth $4,551,726 over the last ninety days. Insiders own 2.60% of the company’s stock.

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Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Earnings History and Estimates for Juniper Networks (NYSE:JNPR)

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