Brokerages Anticipate Juniper Networks, Inc. (NYSE:JNPR) Will Announce Quarterly Sales of $1.27 Billion

Wall Street brokerages expect that Juniper Networks, Inc. (NYSE:JNPR) will report sales of $1.27 billion for the current quarter, Zacks reports. Four analysts have made estimates for Juniper Networks’ earnings, with the highest sales estimate coming in at $1.28 billion and the lowest estimate coming in at $1.26 billion. Juniper Networks reported sales of $1.22 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The company is expected to report its next earnings results on Thursday, January 27th.

On average, analysts expect that Juniper Networks will report full year sales of $4.71 billion for the current year, with estimates ranging from $4.70 billion to $4.72 billion. For the next financial year, analysts forecast that the company will report sales of $4.96 billion, with estimates ranging from $4.88 billion to $5.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Juniper Networks.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, October 26th. The network equipment provider reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Juniper Networks had a net margin of 3.23% and a return on equity of 8.96%. Juniper Networks’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS.

A number of brokerages have recently issued reports on JNPR. Wells Fargo & Company raised their price target on shares of Juniper Networks from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, August 19th. MKM Partners raised shares of Juniper Networks from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $33.00 in a report on Wednesday, July 28th. Raymond James raised their price target on shares of Juniper Networks from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Needham & Company LLC raised their price target on shares of Juniper Networks from $30.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, November 18th. Finally, Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Wednesday, September 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.80.

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $31.29, for a total transaction of $173,815.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Stensrud sold 20,000 shares of Juniper Networks stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $31.30, for a total transaction of $626,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,110 shares of company stock worth $1,150,439. 1.30% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Juniper Networks by 17.7% in the third quarter. Bank of New York Mellon Corp now owns 6,339,346 shares of the network equipment provider’s stock valued at $174,457,000 after purchasing an additional 951,771 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Juniper Networks in the third quarter valued at $232,000. Deprince Race & Zollo Inc. grew its holdings in shares of Juniper Networks by 7.4% in the third quarter. Deprince Race & Zollo Inc. now owns 13,265 shares of the network equipment provider’s stock valued at $365,000 after purchasing an additional 915 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Juniper Networks by 158.4% in the third quarter. Captrust Financial Advisors now owns 2,150 shares of the network equipment provider’s stock valued at $59,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Juniper Networks by 81.4% in the third quarter. Janus Henderson Group PLC now owns 201,794 shares of the network equipment provider’s stock valued at $5,553,000 after purchasing an additional 90,541 shares in the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.

Shares of NYSE JNPR traded up $0.09 during trading on Thursday, reaching $32.42. 5,292,604 shares of the company traded hands, compared to its average volume of 3,677,171. The firm has a 50 day simple moving average of $29.64 and a 200-day simple moving average of $28.43. The company has a quick ratio of 1.54, a current ratio of 1.67 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $10.54 billion, a PE ratio of 72.04, a P/E/G ratio of 3.03 and a beta of 0.89. Juniper Networks has a 52-week low of $21.40 and a 52-week high of $33.02.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 22nd. Shareholders of record on Wednesday, December 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Tuesday, November 30th. Juniper Networks’s payout ratio is 177.78%.

About Juniper Networks

Juniper Networks, Inc engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises. The company was founded by Pradeep S.

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