Q3 2024 EPS Estimates for Juniper Networks, Inc. (NYSE:JNPR) Lowered by Zacks Research

Juniper Networks, Inc. (NYSE:JNPR) – Analysts at Zacks Research cut their Q3 2024 earnings per share (EPS) estimates for Juniper Networks in a note issued to investors on Monday, April 22nd. Zacks Research analyst A. Chatterjee now expects that the network equipment provider will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.38. The consensus estimate for Juniper Networks’ current full-year earnings is $1.37 per share. Zacks Research also issued estimates for Juniper Networks’ FY2024 earnings at $1.35 EPS and FY2025 earnings at $1.37 EPS.

Other equities analysts have also issued research reports about the stock. Barclays reiterated an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. StockNews.com initiated coverage on Juniper Networks in a research report on Wednesday, April 17th. They issued a “hold” rating for the company. Rosenblatt Securities upped their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11th. Finally, Morgan Stanley upgraded Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target for the company in a research report on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks currently has an average rating of “Hold” and an average price target of $34.27.

Juniper Networks Trading Up 0.2 %

JNPR stock opened at $36.12 on Tuesday. The firm has a fifty day moving average price of $36.93 and a 200 day moving average price of $32.63. Juniper Networks has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The firm has a market cap of $11.72 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 7.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.80.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.41 billion.

Juniper Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were paid a $0.22 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. Juniper Networks’s dividend payout ratio is currently 92.63%.

Insider Transactions at Juniper Networks

In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the sale, the senior vice president now directly owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the transaction, the senior vice president now directly owns 36,061 shares in the company, valued at $1,326,323.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now owns 1,003,429 shares of the company’s stock, valued at approximately $37,187,078.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,302 shares of company stock valued at $8,005,602. 1.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Juniper Networks

Large investors have recently made changes to their positions in the business. IFM Investors Pty Ltd boosted its holdings in Juniper Networks by 0.5% in the first quarter. IFM Investors Pty Ltd now owns 73,686 shares of the network equipment provider’s stock worth $2,731,000 after acquiring an additional 397 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Juniper Networks by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 34,928 shares of the network equipment provider’s stock valued at $1,294,000 after buying an additional 495 shares during the last quarter. State of Michigan Retirement System raised its stake in Juniper Networks by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 105,624 shares of the network equipment provider’s stock worth $3,914,000 after acquiring an additional 900 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in Juniper Networks in the first quarter valued at approximately $55,000. Finally, Ballentine Partners LLC raised its holdings in shares of Juniper Networks by 18.3% during the first quarter. Ballentine Partners LLC now owns 11,792 shares of the network equipment provider’s stock worth $437,000 after purchasing an additional 1,825 shares during the last quarter. 91.95% of the stock is owned by institutional investors and hedge funds.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.