Juniper Networks, Inc. (NYSE:JNPR) Declares $0.10 Quarterly Dividend
Juniper Networks, Inc. (NYSE:JNPR) announced a quarterly dividend on Tuesday, July 25th, RTT News reports. Shareholders of record on Friday, September 1st will be given a dividend of 0.10 per share by the network equipment provider on Friday, September 22nd. This represents a $0.40 annualized dividend and a yield of 1.34%.
Juniper Networks has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Juniper Networks to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 17.0%.
Juniper Networks (NYSE:JNPR) traded up 1.70% during midday trading on Tuesday, reaching $29.96. 8,211,949 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $28.81 and its 200 day moving average price is $28.53. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 18.95 and a beta of 1.08. Juniper Networks has a 1-year low of $22.12 and a 1-year high of $30.96.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, April 25th. The network equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. Juniper Networks’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. Equities research analysts anticipate that Juniper Networks will post $2.23 EPS for the current year.
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In related news, VP Terrance F. Spidell sold 10,600 shares of Juniper Networks stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the sale, the vice president now owns 10,600 shares in the company, valued at $312,382. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pradeep Sindhu sold 76,900 shares of Juniper Networks stock in a transaction on Friday, May 5th. The shares were sold at an average price of $30.53, for a total transaction of $2,347,757.00. Following the completion of the sale, the director now owns 40,773 shares in the company, valued at approximately $1,244,799.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,100 shares of company stock worth $5,337,282. 3.40% of the stock is owned by insiders.
JNPR has been the topic of several research reports. TheStreet downgraded shares of Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, June 29th. Pacific Crest initiated coverage on shares of Juniper Networks in a report on Monday, June 5th. They set a “sector weight” rating and a $31.00 price objective on the stock. Robert W. Baird restated a “neutral” rating and set a $30.00 price objective (up previously from $27.00) on shares of Juniper Networks in a report on Saturday, April 29th. Standpoint Research downgraded shares of Juniper Networks from a “buy” rating to a “reduce” rating in a report on Wednesday, May 3rd. Finally, KeyCorp initiated coverage on shares of Juniper Networks in a report on Monday, June 5th. They set a “hold” rating and a $31.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Juniper Networks has a consensus rating of “Hold” and an average price target of $30.18.
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, the Middle East and Africa, and Asia Pacific.
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