Wall Street brokerages forecast that Juniper Networks, Inc. (NYSE:JNPR) will post $1.11 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Juniper Networks’ earnings, with estimates ranging from $1.10 billion to $1.11 billion. Juniper Networks posted sales of $1.20 billion in the same quarter last year, which would indicate a negative year over year growth rate of 7.5%. The company is scheduled to report its next earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Juniper Networks will report full year sales of $4.47 billion for the current year, with estimates ranging from $4.43 billion to $4.55 billion. For the next year, analysts expect that the firm will report sales of $4.61 billion, with estimates ranging from $4.45 billion to $4.82 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Juniper Networks.
Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.15. Juniper Networks had a net margin of 12.34% and a return on equity of 10.67%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $983.92 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue was down 7.5% compared to the same quarter last year.
JNPR stock traded up $0.24 during trading on Friday, reaching $25.69. The stock had a trading volume of 104,854 shares, compared to its average volume of 3,537,228. Juniper Networks has a 1-year low of $24.82 and a 1-year high of $30.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.49. The firm has a market capitalization of $9.22 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.02 and a beta of 0.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, May 31st. Juniper Networks’s dividend payout ratio is presently 55.88%.
In other Juniper Networks news, EVP Bikash Koley sold 2,232 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $27.05, for a total value of $60,375.60. Following the completion of the transaction, the executive vice president now owns 56,739 shares in the company, valued at approximately $1,534,789.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Stensrud sold 35,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $26.01, for a total transaction of $910,350.00. Following the completion of the transaction, the director now owns 5,531 shares of the company’s stock, valued at approximately $143,861.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,755 shares of company stock valued at $2,290,594. Insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of JNPR. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Juniper Networks by 5.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,059,477 shares of the network equipment provider’s stock valued at $28,044,000 after acquiring an additional 54,930 shares in the last quarter. SRB Corp bought a new position in shares of Juniper Networks in the first quarter valued at approximately $698,000. Andra AP fonden bought a new position in shares of Juniper Networks in the first quarter valued at approximately $5,532,000. Burney Co. boosted its holdings in shares of Juniper Networks by 13.8% in the first quarter. Burney Co. now owns 17,094 shares of the network equipment provider’s stock valued at $452,000 after acquiring an additional 2,067 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Juniper Networks in the first quarter valued at approximately $1,899,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Juniper Networks Company Profile
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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