Juniper Networks, Inc. (JNPR) Issues Q3 Earnings Guidance
Juniper Networks, Inc. (NYSE:JNPR) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.54-0.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $1.25-1.26 billion, compared to the consensus revenue estimate of $1.33 billion.
Juniper Networks, Inc. (NYSE:JNPR) opened at 25.47 on Friday. The stock has a market cap of $9.69 billion, a PE ratio of 15.24 and a beta of 1.09. The company’s 50 day moving average is $27.61 and its 200-day moving average is $28.45. Juniper Networks, Inc. has a 1-year low of $22.41 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last announced its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Juniper Networks, Inc. will post $2.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, August 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 23.39%.
A number of brokerages recently issued reports on JNPR. Robert W. Baird set a $30.00 price target on shares of Juniper Networks and gave the stock a hold rating in a report on Wednesday, July 26th. UBS AG reissued a neutral rating and set a $30.00 price target (up from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Drexel Hamilton reissued a buy rating and set a $37.00 price target on shares of Juniper Networks in a report on Thursday, July 20th. Raymond James Financial, Inc. raised shares of Juniper Networks from a market perform rating to an outperform rating and set a $34.00 price target on the stock in a report on Friday, July 21st. Finally, BidaskClub raised shares of Juniper Networks from a sell rating to a hold rating in a report on Thursday, October 5th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Juniper Networks presently has an average rating of Hold and a consensus price target of $30.36.
In other news, CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.43, for a total value of $438,880.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Vincent Molinaro sold 5,031 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,044 shares of company stock valued at $974,774. 3.40% of the stock is owned by company insiders.
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About Juniper Networks
Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.
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