Juniper Networks (JNPR) Scheduled to Post Quarterly Earnings on Thursday

Juniper Networks (NYSE:JNPR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Juniper Networks to post earnings of $0.39 per share for the quarter. Juniper Networks has set its FY 2023 guidance at 0.950-0.950 EPS.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, analysts expect Juniper Networks to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Juniper Networks Price Performance

Shares of Juniper Networks stock opened at $35.90 on Wednesday. The firm has a fifty day simple moving average of $36.91 and a 200-day simple moving average of $32.70. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Juniper Networks has a 1-year low of $24.87 and a 1-year high of $38.04. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 7.38 and a beta of 0.98.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s payout ratio is 92.63%.

Insider Activity

In other news, CEO Rami Rahim sold 5,556 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $37.10, for a total value of $206,127.60. Following the completion of the transaction, the chief executive officer now owns 829,406 shares in the company, valued at approximately $30,770,962.60. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $37.10, for a total value of $206,127.60. Following the sale, the chief executive officer now owns 829,406 shares of the company’s stock, valued at approximately $30,770,962.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Mobassaly sold 5,173 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the sale, the senior vice president now directly owns 36,061 shares in the company, valued at approximately $1,326,323.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,302 shares of company stock worth $8,005,602. 1.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a research note on Thursday, January 11th. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 target price (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Barclays reiterated an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Juniper Networks has a consensus rating of “Hold” and an average price target of $34.27.

About Juniper Networks

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.