Wall Street analysts forecast that Juniper Networks, Inc. (NYSE:JNPR) will report earnings per share of $0.26 for the current quarter, according to Zacks. Seven analysts have made estimates for Juniper Networks’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.20. Juniper Networks reported earnings per share of $0.46 in the same quarter last year, which suggests a negative year over year growth rate of 43.5%. The company is expected to announce its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.51 to $1.94. For the next fiscal year, analysts expect that the firm will post earnings of $2.09 per share, with EPS estimates ranging from $1.75 to $2.40. Zacks’ EPS averages are an average based on a survey of analysts that cover Juniper Networks.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $0.66 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year.
A number of research firms recently issued reports on JNPR. Piper Jaffray Companies reissued 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 reaffirmed a “hold” rating and set a $26.00 target price (down previously from $28.00) on shares of Juniper Networks in a research note on Wednesday, October 25th. Loop Capital lowered their target price on shares of Juniper Networks to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Barclays lowered their target price on shares of Juniper Networks from $25.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 31st. Finally, ValuEngine cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.61.
Juniper Networks (JNPR) traded down $0.02 during trading on Wednesday, reaching $26.17. 6,980,000 shares of the company were exchanged, compared to its average volume of 4,340,000. Juniper Networks has a 1 year low of $23.87 and a 1 year high of $30.96. The firm has a market cap of $9,810.00, a PE ratio of 32.31, a P/E/G ratio of 2.99 and a beta of 0.89. The company has a quick ratio of 2.70, a current ratio of 2.41 and a debt-to-equity ratio of 0.46.
Juniper Networks declared that its board has approved a stock repurchase program on Tuesday, January 30th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s payout ratio is currently 49.38%.
In other news, CEO Rami Rahim sold 16,100 shares of Juniper Networks stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the transaction, the chief executive officer now owns 469,607 shares in the company, valued at approximately $12,322,487.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of JNPR. Janus Henderson Group PLC raised its holdings in Juniper Networks by 45.0% in the 2nd quarter. Janus Henderson Group PLC now owns 72,452 shares of the network equipment provider’s stock valued at $2,020,000 after buying an additional 22,468 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Juniper Networks by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 456,805 shares of the network equipment provider’s stock valued at $12,735,000 after buying an additional 3,530 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Juniper Networks in the 2nd quarter valued at about $239,000. Piedmont Investment Advisors LLC raised its holdings in Juniper Networks by 3.6% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 41,745 shares of the network equipment provider’s stock valued at $1,164,000 after buying an additional 1,440 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Juniper Networks by 26.1% in the 2nd quarter. Toronto Dominion Bank now owns 129,438 shares of the network equipment provider’s stock valued at $3,608,000 after buying an additional 26,792 shares during the period. Hedge funds and other institutional investors own 89.67% 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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