$1.06 Billion in Sales Expected for Juniper Networks, Inc. (NYSE:JNPR) This Quarter


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Analysts expect that Juniper Networks, Inc. (NYSE:JNPR) will post $1.06 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Juniper Networks’ earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.06 billion. Juniper Networks reported sales of $998.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, April 27th.

According to Zacks, analysts expect that Juniper Networks will report full-year sales of $4.59 billion for the current year, with estimates ranging from $4.57 billion to $4.62 billion. For the next year, analysts anticipate that the firm will report sales of $4.76 billion, with estimates ranging from $4.68 billion to $4.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Thursday, January 28th. The network equipment provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Juniper Networks had a return on equity of 8.30% and a net margin of 8.92%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share.

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Juniper Networks in a research report on Tuesday, February 16th. JPMorgan Chase & Co. downgraded Juniper Networks from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Friday, December 11th. Barclays upgraded Juniper Networks from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $24.00 to $28.00 in a research report on Thursday, January 14th. TheStreet downgraded Juniper Networks from a “b” rating to a “c+” rating in a research report on Thursday, February 25th. Finally, Raymond James boosted their target price on Juniper Networks from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.06.

JNPR traded down $0.19 during trading on Monday, hitting $25.41. 3,437,721 shares of the stock were exchanged, compared to its average volume of 4,674,900. The firm has a market capitalization of $8.31 billion, a P/E ratio of 21.91, a PEG ratio of 4.83 and a beta of 0.90. Juniper Networks has a 1-year low of $19.51 and a 1-year high of $27.83. The stock has a fifty day moving average price of $24.74 and a two-hundred day moving average price of $23.20. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.38.

The business also recently announced a quarterly dividend, which was paid on Monday, March 22nd. Stockholders of record on Monday, March 1st were paid a $0.20 dividend. The ex-dividend date was Friday, February 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.15%. Juniper Networks’s dividend payout ratio (DPR) is currently 66.12%.

In other news, CEO Rami Rahim sold 5,500 shares of the stock in a transaction dated Thursday, April 8th. The stock was sold at an average price of $25.44, for a total value of $139,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Stensrud sold 10,000 shares of the stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $24.75, for a total value of $247,500.00. In the last quarter, insiders sold 127,036 shares of company stock valued at $3,252,591. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Eudaimonia Partners LLC boosted its holdings in Juniper Networks by 45.4% in the third quarter. Eudaimonia Partners LLC now owns 1,861 shares of the network equipment provider’s stock valued at $265,000 after purchasing an additional 581 shares during the last quarter. NuWave Investment Management LLC boosted its holdings in Juniper Networks by 68.4% in the first quarter. NuWave Investment Management LLC now owns 2,001 shares of the network equipment provider’s stock valued at $51,000 after purchasing an additional 813 shares during the last quarter. JJJ Advisors Inc. boosted its holdings in Juniper Networks by 330.5% in the fourth quarter. JJJ Advisors Inc. now owns 2,058 shares of the network equipment provider’s stock valued at $46,000 after purchasing an additional 1,580 shares during the last quarter. Inspire Advisors LLC purchased a new position in Juniper Networks in the fourth quarter valued at about $96,000. Finally, Van ECK Associates Corp purchased a new position in Juniper Networks in the third quarter valued at about $94,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

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; and NorthStar controllers.

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Earnings History and Estimates for Juniper Networks (NYSE:JNPR)

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