$1.24 Billion in Sales Expected for Juniper Networks, Inc. (JNPR) This Quarter
Analysts forecast that Juniper Networks, Inc. (NYSE:JNPR) will post sales of $1.24 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Juniper Networks’ earnings, with the highest sales estimate coming in at $1.25 billion and the lowest estimate coming in at $1.23 billion. Juniper Networks reported sales of $1.39 billion in the same quarter last year, which would suggest a negative year over year growth rate of 10.8%. The firm is expected to report its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Juniper Networks will report full year sales of $1.24 billion for the current year, with estimates ranging from $5.02 billion to $5.21 billion. For the next financial year, analysts forecast that the firm will post sales of $5.08 billion per share, with estimates ranging from $4.95 billion to $5.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Juniper Networks.
Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a return on equity of 13.81% and a net margin of 12.77%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS.
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Juniper Networks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Jefferies Group LLC reiterated a “hold” rating and set a $30.25 price objective on shares of Juniper Networks in a research report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $30.00 price objective on shares of Juniper Networks in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research report on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.42.
Juniper Networks (JNPR) traded up $0.33 during trading on Wednesday, reaching $27.34. 2,489,966 shares of the company’s stock traded hands, compared to its average volume of 6,524,504. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a market capitalization of $10,126.81, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. Juniper Networks’s dividend payout ratio (DPR) is presently 23.26%.
In related news, Director Rahul N. Merchant bought 2,000 shares of Juniper Networks stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the transaction, the director now owns 22,543 shares of the company’s stock, valued at $551,852.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 16,100 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.24, for a total transaction of $422,464.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares in the company, valued at $12,322,487.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,200 shares of company stock worth $1,296,861. Company insiders own 2.60% of the company’s stock.
A number of large investors have recently modified their holdings of JNPR. Vanguard Group Inc. increased its position in shares of Juniper Networks by 6.4% during the second quarter. Vanguard Group Inc. now owns 38,434,820 shares of the network equipment provider’s stock worth $1,071,564,000 after acquiring an additional 2,314,683 shares in the last quarter. Dodge & Cox increased its position in shares of Juniper Networks by 0.4% during the second quarter. Dodge & Cox now owns 17,690,957 shares of the network equipment provider’s stock worth $493,224,000 after acquiring an additional 74,877 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Juniper Networks by 12.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,764,160 shares of the network equipment provider’s stock worth $355,227,000 after acquiring an additional 1,386,036 shares in the last quarter. First Trust Advisors LP increased its position in shares of Juniper Networks by 1.3% during the third quarter. First Trust Advisors LP now owns 7,215,837 shares of the network equipment provider’s stock worth $200,817,000 after acquiring an additional 91,809 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Juniper Networks by 25.4% during the third quarter. Bank of New York Mellon Corp now owns 6,784,158 shares of the network equipment provider’s stock worth $188,804,000 after acquiring an additional 1,375,394 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.
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About Juniper Networks
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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