Zacks: Analysts Expect Juniper Networks, Inc. (JNPR) Will Announce Earnings of $0.52 Per Share
Wall Street brokerages expect that Juniper Networks, Inc. (NYSE:JNPR) will post $0.52 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Juniper Networks’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.54. Juniper Networks posted earnings of $0.66 per share in the same quarter last year, which would suggest a negative year over year growth rate of 21.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Juniper Networks will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.12. For the next financial year, analysts forecast that the business will report earnings of $2.16 per share, with EPS estimates ranging from $1.96 to $2.26. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Juniper Networks.
Juniper Networks (NYSE:JNPR) last issued its earnings results 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 business had revenue of $1.26 billion during 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%. Juniper Networks’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share.
JNPR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday, July 28th. Berenberg Bank reissued a “buy” rating and issued a $35.00 price objective on shares of Juniper Networks in a report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and issued a $34.00 price objective on shares of Juniper Networks in a report on Wednesday, August 23rd. Barclays PLC dropped their price objective on shares of Juniper Networks from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.42.
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Shares of Juniper Networks (NYSE JNPR) traded up $0.03 during midday trading on Monday, hitting $27.01. 4,819,500 shares of the stock were exchanged, compared to its average volume of 4,986,953. The firm has a market capitalization of $10,280.00, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.70 and a quick ratio of 2.70. Juniper Networks has a 1-year low of $23.87 and a 1-year high of $30.96.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.95%.
In other news, CEO Rami Rahim sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $27.47, for a total value of $145,591.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,900,104.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rahul N. Merchant acquired 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $24.48 per share, with a total value of $48,960.00. Following the purchase, the director now owns 22,543 shares of the company’s stock, valued at approximately $551,852.64. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 48,200 shares of company stock valued at $1,296,861. 2.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Juniper Networks in the third quarter valued at approximately $111,000. Creative Planning raised its holdings in Juniper Networks by 0.4% in the second quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after acquiring an additional 21 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in Juniper Networks by 4.3% in the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after acquiring an additional 201 shares in the last quarter. Stevens First Principles Investment Advisors raised its holdings in Juniper Networks by 40.9% in the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after acquiring an additional 2,045 shares in the last quarter. Finally, Petrus Trust Company LTA acquired a new stake in Juniper Networks in the second quarter valued at approximately $204,000. 95.98% of the stock is owned by institutional investors and hedge funds.
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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