Equities analysts forecast that Juniper Networks, Inc. (NYSE:JNPR) will post earnings per share of $0.43 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Juniper Networks’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.42. Juniper Networks posted earnings of $0.57 per share in the same quarter last year, which would suggest a negative year over year growth rate of 24.6%. The business is expected to issue its next earnings results after the market closes on Thursday, July 26th.
According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.91. For the next fiscal year, analysts forecast that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $1.85 to $2.34. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Juniper Networks.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, May 1st. The network equipment provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Juniper Networks had a net margin of 4.92% and a return on equity of 11.85%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS.
A number of equities analysts recently weighed in on JNPR shares. Standpoint Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Bank of America raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Juniper Networks from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Finally, Deutsche Bank raised shares of Juniper Networks from a “sell” rating to a “hold” rating and upped their price objective for the company from $20.00 to $23.00 in a report on Wednesday, May 2nd. Seven research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.89.
Shares of Juniper Networks traded down $0.32, reaching $26.75, during midday trading on Thursday, Marketbeat.com reports. The company had a trading volume of 164,530 shares, compared to its average volume of 5,973,093. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $9.53 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 4.09 and a beta of 0.99. Juniper Networks has a 52-week low of $23.61 and a 52-week high of $30.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, May 31st. Juniper Networks’s payout ratio is 41.62%.
In related news, EVP Vincent Molinaro sold 6,243 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $27.00, for a total value of $168,561.00. Following the transaction, the executive vice president now directly owns 28,417 shares in the company, valued at $767,259. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 16,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $26.05, for a total transaction of $419,405.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,333 shares of company stock worth $769,483. Insiders own 1.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Private Capital Group LLC increased its position in shares of Juniper Networks by 6,618.0% in the first quarter. Private Capital Group LLC now owns 4,098 shares of the network equipment provider’s stock worth $100,000 after purchasing an additional 4,037 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in shares of Juniper Networks in the fourth quarter worth approximately $209,000. NuWave Investment Management LLC increased its position in shares of Juniper Networks by 19,475.0% in the first quarter. NuWave Investment Management LLC now owns 8,613 shares of the network equipment provider’s stock worth $209,000 after purchasing an additional 8,569 shares during the last quarter. BB&T Securities LLC bought a new position in shares of Juniper Networks in the fourth quarter worth approximately $231,000. Finally, James Hambro & Partners bought a new position in shares of Juniper Networks in the fourth quarter worth approximately $235,000. Institutional investors own 91.51% of the company’s stock.
About Juniper Networks
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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