Analysts predict that Juniper Networks, Inc. (NYSE:JNPR) will post sales of $1.14 billion for the current quarter, Zacks reports. Eight analysts have made estimates for Juniper Networks’ earnings. The highest sales estimate is $1.16 billion and the lowest is $1.13 billion. Juniper Networks posted sales of $1.18 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, October 24th.
According to Zacks, analysts expect that Juniper Networks will report full year sales of $4.45 billion for the current year, with estimates ranging from $4.44 billion to $4.51 billion. For the next year, analysts forecast that the firm will report sales of $4.58 billion, with estimates ranging from $4.45 billion to $4.83 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Juniper Networks.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Juniper Networks had a return on equity of 10.00% and a net margin of 11.05%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share.
Several research firms have recently commented on JNPR. Barclays began coverage on Juniper Networks in a report on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 price objective for the company. Rosenblatt Securities set a $25.00 price objective on Juniper Networks and gave the company a “hold” rating in a report on Tuesday, October 15th. Evercore ISI began coverage on Juniper Networks in a report on Wednesday, September 11th. They set an “inline” rating and a $26.00 price objective for the company. Zacks Investment Research downgraded Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price objective for the company. in a report on Thursday, September 26th. Finally, Raymond James set a $29.00 price objective on Juniper Networks and gave the company a “buy” rating in a report on Friday, September 6th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.36.
In related news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth Bradley Miller sold 7,000 shares of Juniper Networks stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $27.02, for a total value of $189,140.00. Following the transaction, the chief financial officer now directly owns 77,333 shares in the company, valued at approximately $2,089,537.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,500 shares of company stock worth $737,990. 1.10% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. NEXT Financial Group Inc purchased a new position in shares of Juniper Networks during the second quarter valued at approximately $27,000. Signaturefd LLC boosted its position in Juniper Networks by 160.8% in the second quarter. Signaturefd LLC now owns 1,356 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 836 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in Juniper Networks by 33.7% in the second quarter. CSat Investment Advisory L.P. now owns 1,679 shares of the network equipment provider’s stock worth $45,000 after purchasing an additional 423 shares during the last quarter. CENTRAL TRUST Co purchased a new position in Juniper Networks in the second quarter worth $51,000. Finally, CKW Financial Group boosted its position in Juniper Networks by 20.0% in the second quarter. CKW Financial Group now owns 2,400 shares of the network equipment provider’s stock worth $64,000 after purchasing an additional 400 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.
Shares of NYSE JNPR traded up $0.32 during midday trading on Friday, hitting $24.22. 1,325,451 shares of the stock traded hands, compared to its average volume of 2,751,547. The company has a market cap of $8.30 billion, a PE ratio of 17.81, a P/E/G ratio of 3.05 and a beta of 0.98. Juniper Networks has a one year low of $22.42 and a one year high of $30.80. The business has a 50 day moving average price of $23.88 and a two-hundred day moving average price of $25.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.13 and a current ratio of 2.13.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.14%. Juniper Networks’s payout ratio is 55.88%.
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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