Brokerages Expect Juniper Networks, Inc. (JNPR) Will Post Quarterly Sales of $1.05 Billion

Wall Street analysts predict that Juniper Networks, Inc. (NYSE:JNPR) will announce sales of $1.05 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Juniper Networks’ earnings. The lowest sales estimate is $1.03 billion and the highest is $1.07 billion. Juniper Networks reported sales of $1.22 billion during the same quarter last year, which would suggest a negative year over year growth rate of 13.9%. The business is scheduled to issue its next earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Juniper Networks will report full year sales of $1.05 billion for the current financial year, with estimates ranging from $4.55 billion to $4.85 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.86 billion per share, with estimates ranging from $4.63 billion to $5.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last announced its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. Juniper Networks’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS.

A number of research analysts have weighed in on the company. Piper Jaffray Companies restated a “neutral” rating and issued a $27.00 price target on shares of Juniper Networks in a research note on Wednesday, January 10th. Robert W. Baird restated a “hold” rating and issued a $26.00 price target (down from $28.00) on shares of Juniper Networks in a research note on Wednesday, October 25th. Loop Capital decreased their price target on Juniper Networks to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. Barclays reduced their target price on Juniper Networks from $25.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, January 31st. Finally, ValuEngine downgraded Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and an average price target of $28.61.

Juniper Networks (JNPR) opened at $26.35 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 2.70. The firm has a market capitalization of $9,879.36, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 3.06 and a beta of 0.89. Juniper Networks has a one year low of $23.87 and a one year high of $30.96.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. This represents a $0.72 annualized dividend and a yield of 2.73%. Juniper Networks’s payout ratio is 49.38%.

Juniper Networks announced that its board has initiated a stock buyback plan on Tuesday, January 30th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JNPR. Janus Henderson Group PLC raised its holdings in Juniper Networks by 33.6% in the 3rd quarter. Janus Henderson Group PLC now owns 96,800 shares of the network equipment provider’s stock valued at $2,694,000 after acquiring an additional 24,348 shares in the last quarter. Regentatlantic Capital LLC raised its holdings in Juniper Networks by 144.0% in the 3rd quarter. Regentatlantic Capital LLC now owns 27,584 shares of the network equipment provider’s stock valued at $768,000 after acquiring an additional 16,280 shares in the last quarter. Prudential Financial Inc. raised its holdings in Juniper Networks by 17.5% in the 3rd quarter. Prudential Financial Inc. now owns 3,965,653 shares of the network equipment provider’s stock valued at $110,364,000 after acquiring an additional 591,348 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in Juniper Networks by 23.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,135,469 shares of the network equipment provider’s stock valued at $31,600,000 after acquiring an additional 219,275 shares in the last quarter. Finally, Boston Advisors LLC raised its holdings in Juniper Networks by 14.1% in the 3rd quarter. Boston Advisors LLC now owns 389,130 shares of the network equipment provider’s stock valued at $10,829,000 after acquiring an additional 48,110 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/19/brokerages-expect-juniper-networks-inc-jnpr-will-post-quarterly-sales-of-1-05-billion.html.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

Get a free copy of the Zacks research report on Juniper Networks (JNPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply