Juniper Networks, Inc. (NYSE:JNPR) Expected to Announce Quarterly Sales of $1.06 Billion


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Equities analysts predict that Juniper Networks, Inc. (NYSE:JNPR) will announce sales of $1.06 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Juniper Networks’ earnings, with estimates ranging from $1.05 billion to $1.06 billion. Juniper Networks reported sales of $998.00 million in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The business is expected to report its next 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 fiscal year, with estimates ranging from $4.57 billion to $4.62 billion. For the next fiscal year, analysts expect 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 analysts that follow Juniper Networks.

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

A number of equities research analysts have issued reports on the company. Rosenblatt Securities boosted their price target on Juniper Networks from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, January 25th. Raymond James boosted their price target on Juniper Networks from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Zacks Investment Research raised Juniper Networks from a “strong sell” rating to a “hold” rating and set a $24.00 price target for the company in a research report on Tuesday, December 29th. Barclays raised Juniper Networks from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $24.00 to $28.00 in a research report on Thursday, January 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Juniper Networks in a research report on Tuesday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Juniper Networks presently has a consensus rating of “Hold” and an average price target of $25.06.

JNPR stock remained flat at $$25.42 during trading on Monday. The company’s stock had a trading volume of 33,268 shares, compared to its average volume of 4,723,386. The firm’s 50-day simple moving average is $24.70 and its 200 day simple moving average is $23.18. Juniper Networks has a 1 year low of $19.51 and a 1 year high of $27.83. 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 firm has a market cap of $8.31 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 4.83 and a beta of 0.90.

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

In other Juniper Networks news, SVP Brian Martin sold 46,421 shares of the company’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $26.00, for a total transaction of $1,206,946.00. Following the sale, the senior vice president now owns 50,356 shares in the company, valued at $1,309,256. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction that occurred on 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 62,636 shares of company stock worth $1,610,132. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. JJJ Advisors Inc. raised its stake in Juniper Networks by 330.5% during the fourth quarter. JJJ Advisors Inc. now owns 2,058 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 1,580 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Juniper Networks during the third quarter valued at approximately $94,000. Inspire Advisors LLC acquired a new stake in Juniper Networks during the fourth quarter valued at approximately $96,000. Vantage Consulting Group Inc acquired a new stake in Juniper Networks during the fourth quarter valued at approximately $122,000. Finally, Moors & Cabot Inc. acquired a new stake in Juniper Networks during the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors 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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