Zacks Research Weighs in on Juniper Networks, Inc.’s Q3 2024 Earnings (NYSE:JNPR)

Juniper Networks, Inc. (NYSE:JNPR) – Equities research analysts at Zacks Research lowered their Q3 2024 earnings per share estimates for Juniper Networks in a research note issued to investors on Monday, April 22nd. Zacks Research analyst A. Chatterjee now forecasts that the network equipment provider will post earnings of $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.

Juniper Networks (NYSE:JNPR) last issued its quarterly 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). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%.

Several other equities research analysts have also recently weighed in on the company. Barclays reaffirmed an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Rosenblatt Securities boosted their target price on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. StockNews.com started coverage on Juniper Networks in a report on Thursday. They issued a “hold” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Wednesday, January 10th. Finally, Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price on the stock in a report on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.27.

Juniper Networks Price Performance

Shares of JNPR stock opened at $35.35 on Tuesday. The stock 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. The business’s fifty day moving average is $36.88 and its 200 day moving average is $32.71. Juniper Networks has a twelve month low of $24.87 and a twelve month high of $38.04. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 0.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Juniper Networks in the fourth quarter valued at about $28,000. Hartford Financial Management Inc. lifted its holdings in Juniper Networks by 51.3% in the fourth quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 330 shares during the period. Ronald Blue Trust Inc. increased its position in Juniper Networks by 74.1% in the third 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 in the last quarter. Johnson Financial Group Inc. purchased a new stake in Juniper Networks in the fourth quarter worth about $35,000. Finally, Blue Trust Inc. increased its position in Juniper Networks by 34.4% in the fourth 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 in the last quarter. Institutional investors own 91.95% of the company’s stock.

Insider Activity

In other news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $36.91, for a total transaction of $205,071.96. Following the transaction, the chief executive officer now directly owns 840,518 shares of the company’s stock, valued at $31,023,519.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at $1,326,323.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 5,556 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $36.91, for a total value of $205,071.96. Following the completion of the transaction, the chief executive officer now directly owns 840,518 shares in the company, valued at approximately $31,023,519.38. The disclosure for this sale can be found here. Insiders have sold a total of 216,302 shares of company stock valued at $8,005,602 over the last ninety days. 1.29% of the stock is currently owned by corporate insiders.

Juniper Networks Announces Dividend

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

Juniper Networks Company Profile

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.