Juniper Networks (JNPR) Set to Announce Quarterly Earnings on Thursday

Juniper Networks (NYSE:JNPR) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce 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 posted 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). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. 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 Stock Up 0.2 %

Shares of NYSE JNPR opened at $36.12 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $36.93 and its two-hundred day moving average is $32.63. Juniper Networks has a 52-week low of $24.87 and a 52-week high of $38.04. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 38.02, 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. Juniper Networks’s payout ratio is presently 92.63%.

Insider Activity at Juniper Networks

In other news, CEO Rami Rahim sold 5,555 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $37.53, for a total transaction of $208,479.15. Following the sale, the chief executive officer now owns 1,019,589 shares of the company’s stock, valued at approximately $38,265,175.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of the firm’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 transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at $1,326,323.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $37.53, for a total value of $208,479.15. Following the completion of the sale, the chief executive officer now directly owns 1,019,589 shares of the company’s stock, valued at $38,265,175.17. The disclosure for this sale can be found here. Insiders have sold 216,302 shares of company stock valued at $8,005,602 over the last quarter. 1.29% of the stock is owned by insiders.

Analyst Ratings Changes

JNPR has been the subject of a number of research analyst reports. StockNews.com began coverage on Juniper Networks in a report on Wednesday, April 17th. They set a “hold” rating for the company. Jefferies Financial Group reissued a “hold” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Barclays reissued an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Finally, Rosenblatt Securities upped their price objective on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks has an average rating of “Hold” and an average target price 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.