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.
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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.
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