Equities research analysts predict that Juniper Networks, Inc. (NYSE:JNPR) will post sales of $1.22 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Juniper Networks’ earnings. The lowest sales estimate is $1.21 billion and the highest is $1.24 billion. Juniper Networks posted sales of $1.24 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The firm is expected to report its next quarterly earnings report on Tuesday, January 29th.

On average, analysts expect that Juniper Networks will report full year sales of $4.69 billion for the current fiscal year, with estimates ranging from $4.68 billion to $4.71 billion. For the next year, analysts forecast that the business will report sales of $4.79 billion, with estimates ranging from $4.72 billion to $4.86 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Juniper Networks.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS.

A number of equities analysts have issued reports on the company. Citigroup increased their target price on Juniper Networks from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday. Oppenheimer set a $33.00 target price on Juniper Networks and gave the stock a “buy” rating in a report on Sunday. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a report on Friday, October 26th. Royal Bank of Canada increased their target price on Juniper Networks to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, October 24th. Finally, Piper Jaffray Companies set a $29.00 target price on Juniper Networks and gave the stock a “hold” rating in a report on Wednesday, October 24th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.95.

In related news, insider Anand Athreya sold 113,039 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $29.70, for a total value of $3,357,258.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $29.98, for a total transaction of $161,892.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,839 shares of company stock valued at $4,551,726. Company insiders own 1.40% of the company’s stock.

Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC acquired a new stake in Juniper Networks in the 2nd quarter valued at about $112,000. Whittier Trust Co. lifted its stake in Juniper Networks by 794.3% in the 2nd quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock valued at $162,000 after purchasing an additional 5,862 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in Juniper Networks in the 3rd quarter valued at about $218,000. Dean Capital Investments Management LLC acquired a new stake in Juniper Networks in the 3rd quarter valued at about $220,000. Finally, Everence Capital Management Inc. acquired a new stake in Juniper Networks in the 2nd quarter valued at about $225,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

JNPR stock traded down $0.09 during trading hours on Thursday, reaching $28.30. 4,000,500 shares of the stock were exchanged, compared to its average volume of 4,768,614. The stock has a market cap of $10.05 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 4.14 and a beta of 0.88. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.38. Juniper Networks has a 12 month low of $23.61 and a 12 month high of $30.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.54%. Juniper Networks’s dividend payout ratio is 41.62%.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Earnings History and Estimates for Juniper Networks (NYSE:JNPR)

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