Juniper Networks, Inc. (NYSE:JNPR) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.38-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.45. The company issued revenue guidance of $1.190-1.210 billion, compared to the consensus revenue estimate of $1.20 billion.
A number of equities research analysts have commented on the company. Needham & Company LLC reissued a hold rating on shares of Juniper Networks in a research note on Monday. William Blair reaffirmed a hold rating on shares of Juniper Networks in a research report on Sunday. Morgan Stanley reaffirmed an underweight rating and set a $20.00 target price on shares of Juniper Networks in a research report on Friday. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Juniper Networks in a research report on Thursday. Finally, Zacks Investment Research raised Juniper Networks from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Friday, December 23rd. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks presently has an average rating of Hold and an average price target of $28.07.
Juniper Networks, Inc. (NYSE:JNPR) opened at 26.67 on Monday. The stock has a 50 day moving average price of $28.16 and a 200-day moving average price of $25.13. The stock has a market capitalization of $10.13 billion, a PE ratio of 17.21 and a beta of 1.22. Juniper Networks, Inc. has a 12-month low of $21.18 and a 12-month high of $29.21.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, January 26th. The network equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. Juniper Networks had a return on equity of 13.39% and a net margin of 12.05%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. On average, equities analysts anticipate that Juniper Networks, Inc. will post $2.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Wednesday, March 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.50%. Juniper Networks’s dividend payout ratio is currently 25.81%.
In related news, SVP Brian Martin sold 23,588 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $27.50, for a total value of $648,670.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Pradeep Sindhu sold 76,900 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $25.29, for a total value of $1,944,801.00. Following the completion of the transaction, the executive vice president now directly owns 20,798 shares in the company, valued at $525,981.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,488 shares of company stock worth $4,280,671. 3.40% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of JNPR. Advisor Group Inc. acquired a new stake in Juniper Networks during the second quarter worth approximately $121,000. Algert Global LLC acquired a new stake in Juniper Networks during the second quarter worth approximately $242,000. Cipher Capital LP acquired a new stake in Juniper Networks during the second quarter worth approximately $274,000. Verition Fund Management LLC acquired a new stake in Juniper Networks during the third quarter worth approximately $293,000. Finally, D.A. Davidson & CO. boosted its stake in Juniper Networks by 163.8% in the third quarter. D.A. Davidson & CO. now owns 12,612 shares of the network equipment provider’s stock worth $303,000 after buying an additional 7,831 shares in the last quarter. 85.51% of the stock is currently owned by institutional investors and hedge funds.
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, Middle East, and Africa (EMEA), and Asia Pacific (APAC).