Wall Street analysts forecast that Juniper Networks, Inc. (NYSE:JNPR) will post sales of $1.11 billion for the current quarter, Zacks reports. Eight analysts have made estimates for Juniper Networks’ earnings, with the lowest sales estimate coming in at $1.10 billion and the highest estimate coming in at $1.13 billion. Juniper Networks reported sales of $1.20 billion in the same quarter last year, which would suggest a negative year over year growth rate of 7.5%. The firm is expected to issue its next earnings report after the market closes on Thursday, July 25th.
On average, analysts expect that Juniper Networks will report full-year sales of $4.47 billion for the current year, with estimates ranging from $4.43 billion to $4.54 billion. For the next financial year, analysts forecast that the firm will report sales of $4.61 billion, with estimates ranging from $4.45 billion to $4.82 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Juniper Networks.
Juniper Networks (NYSE:JNPR) last announced its earnings results on Thursday, April 25th. The network equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.15. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $983.92 million. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. Juniper Networks’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS.
Several research analysts have recently weighed in on JNPR shares. Zacks Investment Research raised Juniper Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Piper Jaffray Companies set a $27.00 price objective on Juniper Networks and gave the stock a “hold” rating in a research report on Tuesday, March 5th. TheStreet lowered Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, April 25th. Finally, Rosenblatt Securities raised Juniper Networks from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $24.00 to $27.00 in a research report on Wednesday, June 12th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $28.38.
NYSE:JNPR traded down $0.22 during trading hours on Wednesday, hitting $26.63. 3,375,361 shares of the company were exchanged, compared to its average volume of 3,549,344. The company has a market cap of $9.36 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 3.04 and a beta of 0.90. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.41. Juniper Networks has a one year low of $24.51 and a one year high of $30.80. The business’s fifty day moving average is $26.06.
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were paid a $0.19 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.85%. Juniper Networks’s dividend payout ratio is presently 55.88%.
In other news, EVP Bikash Koley sold 10,882 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $27.68, for a total value of $301,213.76. Following the completion of the sale, the executive vice president now directly owns 48,620 shares in the company, valued at approximately $1,345,801.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kenneth Bradley Miller sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $27.86, for a total value of $195,020.00. Following the completion of the sale, the chief financial officer now owns 84,333 shares of the company’s stock, valued at $2,349,517.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,523 shares of company stock valued at $2,230,218. 1.10% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Covington Capital Management acquired a new position in Juniper Networks during the 4th quarter valued at about $31,000. Bremer Bank National Association bought a new stake in shares of Juniper Networks in the 1st quarter worth approximately $39,000. Bremer Trust National Association bought a new stake in shares of Juniper Networks in the 4th quarter worth approximately $41,000. Rational Advisors LLC raised its holdings in shares of Juniper Networks by 1,800.8% in the 1st quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock worth $60,000 after purchasing an additional 2,143 shares during the period. Finally, Tortoise Index Solutions LLC bought a new stake in shares of Juniper Networks in the 1st quarter worth approximately $64,000. Institutional investors own 91.53% 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.
Featured Article: What is the significance of a dead cat bounce?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.