Analysts predict that Juniper Networks, Inc. (NYSE:JNPR) will post sales of $1.05 billion for the current quarter, Zacks reports. Seven analysts have made estimates for Juniper Networks’ earnings. The highest sales estimate is $1.07 billion and the lowest is $1.02 billion. Juniper Networks posted sales of $1.22 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 13.9%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, May 1st.
According to Zacks, analysts expect that Juniper Networks will report full year sales of $1.05 billion for the current year, with estimates ranging from $4.54 billion to $4.83 billion. For the next year, analysts forecast that the firm will report sales of $4.82 billion per share, with estimates ranging from $4.63 billion to $5.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Juniper Networks.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Juniper Networks had a net margin of 6.26% and a return on equity of 13.34%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm’s revenue was down 10.5% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Juniper Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. ValuEngine downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Standpoint Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. BMO Capital Markets reissued a “buy” rating and set a $29.00 price objective on shares of Juniper Networks in a research report on Sunday, February 11th. Finally, TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.61.
In other Juniper Networks news, CEO Rami Rahim sold 10,800 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $26.27, for a total value of $283,716.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Stensrud sold 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $26.17, for a total transaction of $261,700.00. Following the completion of the sale, the director now owns 5,531 shares in the company, valued at approximately $144,746.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,813 shares of company stock worth $1,124,709. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in JNPR. Cerebellum GP LLC purchased a new stake in Juniper Networks in the 4th quarter worth $128,000. Exane Derivatives increased its holdings in shares of Juniper Networks by 278.1% in the 4th quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock worth $161,000 after buying an additional 4,143 shares during the last quarter. Balter Liquid Alternatives LLC bought a new stake in shares of Juniper Networks in the 4th quarter worth about $163,000. Wetherby Asset Management Inc. bought a new stake in shares of Juniper Networks in the 4th quarter worth about $209,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Juniper Networks in the 4th quarter worth about $220,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
Shares of JNPR stock traded up $0.02 during mid-day trading on Friday, reaching $24.87. 2,764,362 shares of the company’s stock traded hands, compared to its average volume of 4,376,739. Juniper Networks has a 12 month low of $23.68 and a 12 month high of $30.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $8,487.35, a price-to-earnings ratio of 14.36, a PEG ratio of 2.88 and a beta of 0.96.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 1st were paid a dividend of $0.18 per share. This is a boost from Juniper Networks’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.90%. Juniper Networks’s payout ratio is 41.62%.
Juniper Networks announced that its Board of Directors has approved a stock repurchase program on Tuesday, January 30th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the network equipment provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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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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