Analysts Expect Juniper Networks, Inc. (JNPR) Will Post Quarterly Sales of $1.24 Billion

Analysts expect Juniper Networks, Inc. (NYSE:JNPR) to report $1.24 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Juniper Networks’ earnings, with estimates ranging from $1.23 billion to $1.25 billion. Juniper Networks posted sales of $1.39 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.8%. The business is scheduled to report its next quarterly earnings results 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 year, analysts anticipate that the company will post sales of $5.09 billion per share, with estimates ranging from $4.97 billion to $5.32 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Juniper Networks.

Juniper Networks (NYSE:JNPR) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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 for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS.

A number of equities analysts recently weighed in on JNPR shares. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, July 28th. Berenberg Bank reissued a “buy” rating and issued a $35.00 price target 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 target on shares of Juniper Networks in a report on Wednesday, August 23rd. Barclays PLC cut their price target on shares of 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 restated a “hold” rating on shares of Juniper Networks in a research note on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and an average target price of $29.42.

Juniper Networks (NYSE:JNPR) opened at $26.98 on Wednesday. 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 stock has a market cap of $10,310.00, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.09 and a beta of 1.05. Juniper Networks has a fifty-two week low of $23.87 and a fifty-two week high of $30.96.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. Juniper Networks’s payout ratio is presently 23.95%.

In related news, CEO Rami Rahim sold 16,100 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.24, for a total transaction of $422,464.00. Following the sale, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,322,487.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rahul N. Merchant acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired 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 directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Insiders have sold 48,200 shares of company stock worth $1,296,861 over the last ninety days. 2.60% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its position in shares of Juniper Networks by 8.4% during the 2nd quarter. Bank of Montreal Can now owns 184,541 shares of the network equipment provider’s stock valued at $5,146,000 after buying an additional 14,368 shares in the last quarter. Creative Planning lifted its position in shares of Juniper Networks by 0.4% during the 2nd quarter. Creative Planning now owns 4,696 shares of the network equipment provider’s stock valued at $131,000 after buying an additional 21 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Juniper Networks by 2.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 102,505 shares of the network equipment provider’s stock valued at $2,858,000 after buying an additional 2,400 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Juniper Networks by 8.1% during the 2nd quarter. LS Investment Advisors LLC now owns 15,380 shares of the network equipment provider’s stock valued at $429,000 after buying an additional 1,146 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Juniper Networks by 173.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 49,168 shares of the network equipment provider’s stock valued at $1,375,000 after buying an additional 31,157 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

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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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