Juniper Networks, Inc. (NYSE:JNPR) Expected to Post Earnings of $0.58 Per Share

Equities analysts expect that Juniper Networks, Inc. (NYSE:JNPR) will report $0.58 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Juniper Networks’ earnings. The lowest EPS estimate is $0.56 and the highest is $0.60. Juniper Networks posted earnings of $0.59 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The firm is expected to issue its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Juniper Networks will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.70 to $1.74. For the next year, analysts anticipate that the business will post earnings of $1.84 per share, with EPS estimates ranging from $1.70 to $2.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, October 24th. The network equipment provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Juniper Networks had a net margin of 8.35% and a return on equity of 9.54%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year.

JNPR has been the subject of several research reports. Barclays assumed coverage on shares of Juniper Networks in a research report on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 price target for the company. JPMorgan Chase & Co. raised shares of Juniper Networks from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $25.00 to $27.00 in a research report on Tuesday, October 22nd. Zacks Investment Research lowered shares of Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price objective on the stock. in a research note on Thursday, September 26th. Raymond James set a $29.00 target price on shares of Juniper Networks and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Evercore ISI started coverage on shares of Juniper Networks in a research note on Wednesday, September 11th. They set an “inline” rating and a $26.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.86.

Shares of NYSE JNPR opened at $24.50 on Friday. The business has a 50-day moving average price of $25.05 and a 200 day moving average price of $25.25. The stock has a market cap of $8.39 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 3.49 and a beta of 0.98. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.40. Juniper Networks has a 52-week low of $22.42 and a 52-week high of $29.29.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.76 annualized dividend and a dividend yield of 3.10%. Juniper Networks’s dividend payout ratio (DPR) is 55.88%.

Juniper Networks announced that its board has initiated a stock repurchase program on Thursday, October 24th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network equipment provider to buy up to 11.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

In other news, EVP Bikash Koley sold 32,059 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $24.74, for a total transaction of $793,139.66. Following the completion of the transaction, the executive vice president now owns 59,375 shares of the company’s stock, valued at $1,468,937.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Stensrud sold 15,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $25.50, for a total value of $382,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,313 shares of company stock valued at $2,541,791. 1.10% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Juniper Networks by 0.8% during the second quarter. Vanguard Group Inc. now owns 39,487,909 shares of the network equipment provider’s stock valued at $1,051,563,000 after purchasing an additional 298,516 shares in the last quarter. State Street Corp lifted its position in shares of Juniper Networks by 3.1% during the 3rd quarter. State Street Corp now owns 15,738,452 shares of the network equipment provider’s stock valued at $389,527,000 after buying an additional 472,153 shares in the last quarter. Northern Trust Corp lifted its position in shares of Juniper Networks by 1.9% during the 2nd quarter. Northern Trust Corp now owns 4,336,343 shares of the network equipment provider’s stock valued at $115,477,000 after buying an additional 82,692 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Juniper Networks by 29.2% during the 2nd quarter. APG Asset Management N.V. now owns 3,995,245 shares of the network equipment provider’s stock valued at $93,426,000 after acquiring an additional 904,100 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Juniper Networks by 8.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,126,788 shares of the network equipment provider’s stock valued at $83,267,000 after acquiring an additional 231,399 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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