Juniper Networks, Inc. (JNPR) Expected to Post Quarterly Sales of $1.24 Billion
Wall Street brokerages expect Juniper Networks, Inc. (NYSE:JNPR) to report $1.24 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Juniper Networks’ earnings, with the lowest sales estimate coming in at $1.23 billion and the highest estimate coming in at $1.25 billion. Juniper Networks posted sales of $1.39 billion during the same quarter last year, which suggests a negative year over year growth rate of 10.8%. The business is expected to report its next quarterly earnings report on Thursday, January 25th.
On average, 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 fiscal year, analysts expect that the firm will report sales of $5.08 billion per share, with estimates ranging from $4.95 billion to $5.32 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 issued its quarterly earnings data on Tuesday, October 24th. The network equipment provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS.
JNPR has been the topic of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and set a $34.00 price objective on shares of Juniper Networks in a report on Wednesday, August 23rd. ValuEngine raised Juniper Networks from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Raymond James Financial set a $31.00 price objective on Juniper Networks and gave the company a “buy” rating in a report on Thursday, December 7th. Barclays lowered their price objective on Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.25.
In related news, Director Rahul N. Merchant bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $24.48 per share, for a total transaction of $48,960.00. Following the transaction, the director now directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.35, for a total value of $142,290.00. Following the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $12,374,144.45. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in Juniper Networks by 0.4% in the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after purchasing an additional 21 shares during the last quarter. D.A. Davidson & CO. raised its position in Juniper Networks by 0.3% in the 2nd quarter. D.A. Davidson & CO. now owns 8,348 shares of the network equipment provider’s stock valued at $232,000 after purchasing an additional 24 shares during the last quarter. Cadence Capital Management LLC raised its position in Juniper Networks by 0.5% in the 2nd quarter. Cadence Capital Management LLC now owns 12,930 shares of the network equipment provider’s stock valued at $360,000 after purchasing an additional 63 shares during the last quarter. CIBC Asset Management Inc raised its position in Juniper Networks by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 43,173 shares of the network equipment provider’s stock valued at $1,204,000 after purchasing an additional 121 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Juniper Networks by 1.9% in the 2nd quarter. Synovus Financial Corp now owns 7,462 shares of the network equipment provider’s stock valued at $208,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.
Shares of Juniper Networks (NYSE JNPR) traded up $0.19 during midday trading on Friday, hitting $29.11. The stock had a trading volume of 4,061,893 shares, compared to its average volume of 5,253,425. 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 cap of $10,644.21, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. Juniper Networks has a fifty-two week low of $23.87 and a fifty-two week high of $30.96.
The company also recently disclosed 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 of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. Juniper Networks’s dividend payout ratio is currently 23.26%.
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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