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.

TRADEMARK VIOLATION WARNING: “Juniper Networks, Inc. (JNPR) Issues Q3 Earnings Guidance” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/10/13/juniper-networks-inc-jnpr-issues-q3-earnings-guidance.html.

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.

Receive News & Stock Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related stocks with our FREE daily email newsletter.