Juniper Networks, Inc. Expected to Earn Q3 2024 Earnings of $0.37 Per Share (NYSE:JNPR)

Juniper Networks, Inc. (NYSE:JNPR) – Equities research analysts at Zacks Research decreased their Q3 2024 EPS estimates for shares of Juniper Networks in a research note issued on Monday, April 22nd. Zacks Research analyst A. Chatterjee now expects that the network equipment provider will earn $0.37 per share for the quarter, down from their previous estimate of $0.38. The consensus estimate for Juniper Networks’ current full-year earnings is $1.37 per share. Zacks Research also issued estimates for Juniper Networks’ FY2024 earnings at $1.35 EPS and FY2025 earnings at $1.37 EPS.

A number of other equities research analysts have also commented on the stock. Barclays reissued an “equal weight” rating on shares of Juniper Networks in a report on Wednesday, January 10th. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Wednesday, January 10th. Morgan Stanley raised shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock in a report on Thursday, January 11th. Rosenblatt Securities increased their price objective on shares of Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $40.00 price objective (up previously from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.27.

Juniper Networks Stock Down 1.5 %

JNPR opened at $35.35 on Tuesday. The firm’s 50-day simple moving average is $36.88 and its 200-day simple moving average is $32.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.80. Juniper Networks has a twelve month low of $24.87 and a twelve month high of $38.04. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 7.40 and a beta of 0.98.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion.

Institutional Trading of Juniper Networks

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in Juniper Networks during the 4th quarter worth approximately $28,000. Hartford Financial Management Inc. raised its holdings in Juniper Networks by 51.3% during the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock worth $29,000 after buying an additional 330 shares during the period. Ronald Blue Trust Inc. raised its holdings in Juniper Networks by 74.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock worth $30,000 after buying an additional 456 shares during the period. Johnson Financial Group Inc. acquired a new stake in Juniper Networks during the 4th quarter worth approximately $35,000. Finally, Blue Trust Inc. raised its holdings in Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after buying an additional 368 shares during the period. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the sale, the senior vice president now directly owns 36,061 shares in the company, valued at approximately $1,326,323.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the sale, the senior vice president now directly owns 36,061 shares in the company, valued at approximately $1,326,323.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the sale, the chief operating officer now owns 73,684 shares in the company, valued at $2,726,308. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,302 shares of company stock valued at $8,005,602. 1.29% of the stock is currently owned by insiders.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s dividend payout ratio (DPR) is presently 92.63%.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.