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

Juniper Networks (NYSE:JNPR) is scheduled to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Juniper Networks (NYSE:JNPR) last posted its quarterly earnings results on Thursday, July 25th. The network equipment provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). Juniper Networks had a net margin of 11.05% and a return on equity of 10.00%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $0.48 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts expect Juniper Networks to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE JNPR opened at $24.76 on Wednesday. The company has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $25.67. Juniper Networks has a 12-month low of $22.42 and a 12-month high of $30.80. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.26 billion, a P/E ratio of 18.21, a PEG ratio of 3.04 and a beta of 0.98.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.07%. The ex-dividend date was Tuesday, September 3rd. Juniper Networks’s payout ratio is currently 55.88%.

Several analysts recently issued reports on JNPR shares. Zacks Investment Research downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price target for the company. in a research report on Thursday, September 26th. Raymond James set a $29.00 price objective on shares of Juniper Networks and gave the stock a “buy” rating in a report on Friday, September 6th. Barclays started coverage on shares of Juniper Networks in a report on Wednesday, August 7th. They set an “equal weight” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Juniper Networks from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $25.00 to $27.00 in a report on Tuesday. Finally, Rosenblatt Securities set a $25.00 price objective on shares of Juniper Networks and gave the stock a “hold” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.57.

In other news, Director William Stensrud sold 10,000 shares of Juniper Networks stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Manoj Leelanivas sold 9,000 shares of Juniper Networks stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $26.80, for a total value of $241,200.00. Following the sale, the executive vice president now owns 18,641 shares in the company, valued at $499,578.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock worth $737,990 over the last ninety days. Insiders own 1.10% 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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Earnings History for Juniper Networks (NYSE:JNPR)

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