Juniper Networks, Inc. Expected to Post Q3 2024 Earnings of $0.37 Per Share (NYSE:JNPR)

Juniper Networks, Inc. (NYSE:JNPR) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings per share estimates for Juniper Networks in a report issued on Monday, April 22nd. Zacks Research analyst A. Chatterjee now anticipates that the network equipment provider will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.38. The consensus estimate for Juniper Networks’ current full-year earnings is $1.37 per share. Zacks Research also issued estimates for Juniper Networks’ FY2024 earnings at $1.35 EPS and FY2025 earnings at $1.37 EPS.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.41 billion. Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%.

Several other research analysts also recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. StockNews.com initiated coverage on shares of Juniper Networks in a research report on Wednesday, April 17th. They set a “hold” rating for the company. Morgan Stanley raised shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price on the stock in a report on Thursday, January 11th. Jefferies Financial Group reissued a “hold” rating and set a $40.00 price target (up from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. Finally, Rosenblatt Securities lifted their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.27.

Juniper Networks Stock Performance

NYSE JNPR opened at $36.12 on Tuesday. The firm has a market cap of $11.72 billion, a P/E ratio of 38.02, a P/E/G ratio of 7.38 and a beta of 0.98. Juniper Networks has a 52-week low of $24.87 and a 52-week high of $38.04. The business’s 50-day moving average price is $36.93 and its 200 day moving average price is $32.63. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 0.36.

Hedge Funds Weigh In On Juniper Networks

A number of institutional investors have recently modified their holdings of the company. Hartford Financial Management Inc. raised its holdings in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 330 shares during the last quarter. Blue Trust Inc. lifted its position in Juniper Networks by 34.4% during the fourth quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock worth $40,000 after buying an additional 368 shares during the period. Hohimer Wealth Management LLC boosted its stake in Juniper Networks by 3.0% in the 4th quarter. Hohimer Wealth Management LLC now owns 12,576 shares of the network equipment provider’s stock worth $371,000 after buying an additional 370 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of Juniper Networks by 3.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 11,075 shares of the network equipment provider’s stock valued at $308,000 after acquiring an additional 375 shares during the last quarter. Finally, Wahed Invest LLC grew its holdings in Juniper Networks by 8.2% in the third quarter. Wahed Invest LLC now owns 4,968 shares of the network equipment provider’s stock valued at $138,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.

Insider Buying and Selling

In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the transaction, the chief operating officer now owns 73,684 shares in the company, valued at $2,726,308. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Rami Rahim sold 5,556 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $36.91, for a total value of $205,071.96. Following the completion of the transaction, the chief executive officer now owns 840,518 shares of the company’s stock, valued at approximately $31,023,519.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Manoj Leelanivas sold 98,530 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the sale, the chief operating officer now directly owns 73,684 shares in the company, valued at $2,726,308. The disclosure for this sale can be found here. Insiders have sold 216,302 shares of company stock worth $8,005,602 in the last three months. Corporate insiders own 1.29% of the company’s stock.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Thursday, February 29th. Juniper Networks’s dividend payout ratio (DPR) is presently 92.63%.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.