Equities research analysts expect Juniper Networks (NYSE:JNPR) to post sales of $1.05 billion for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Juniper Networks’ earnings, with the lowest sales estimate coming in at $1.02 billion and the highest estimate coming in at $1.07 billion. Juniper Networks posted sales of $1.22 billion during the same quarter last year, which would indicate a negative year over year growth rate of 13.9%. The business is scheduled to report its next earnings report after the market closes on Tuesday, May 1st.
According to Zacks, analysts expect that Juniper Networks will report full year sales of $4.69 billion for the current year, with estimates ranging from $4.54 billion to $4.83 billion. For the next year, analysts expect that the business will post sales of $4.82 billion per share, with estimates ranging from $4.63 billion to $5.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Juniper Networks.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS.
A number of equities research analysts have weighed in on JNPR shares. Nomura reduced their target price on Juniper Networks from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. Goldman Sachs started coverage on Juniper Networks in a report on Wednesday, February 7th. They issued a “neutral” rating and a $26.00 target price on the stock. MKM Partners raised their target price on Juniper Networks to $31.00 and gave the company a “neutral” rating in a report on Friday, January 26th. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $26.00 price target on shares of Juniper Networks in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.41.
Shares of JNPR stock opened at $24.29 on Wednesday. The firm has a market capitalization of $8,370.47, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.84 and a beta of 0.96. Juniper Networks has a fifty-two week low of $23.61 and a fifty-two week high of $30.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.41 and a current ratio of 2.41.
Juniper Networks declared that its board has authorized a stock buyback program on Tuesday, January 30th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other news, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $26.24, for a total value of $139,072.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Terrance F. Spidell sold 8,409 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.47, for a total value of $222,586.23. Following the completion of the sale, the vice president now owns 3,944 shares of the company’s stock, valued at $104,397.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,813 shares of company stock valued at $1,124,709. Corporate insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its stake in shares of Juniper Networks by 7.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 61,518 shares of the network equipment provider’s stock valued at $1,753,000 after buying an additional 4,029 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Juniper Networks by 7.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 73,678 shares of the network equipment provider’s stock valued at $2,099,000 after buying an additional 4,969 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Juniper Networks by 7.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 158,105 shares of the network equipment provider’s stock valued at $4,506,000 after buying an additional 10,854 shares during the period. Fairpointe Capital LLC grew its stake in shares of Juniper Networks by 3.6% in the 4th quarter. Fairpointe Capital LLC now owns 6,264,209 shares of the network equipment provider’s stock valued at $178,530,000 after buying an additional 216,254 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Juniper Networks in the 4th quarter valued at about $3,306,000. Institutional investors own 95.52% of the company’s stock.
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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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