Juniper Networks, Inc. (NYSE:JNPR) Updates Q3 Earnings Guidance
Juniper Networks, Inc. (NYSE:JNPR) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.55-0.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $1.29-1.35 billion, compared to the consensus revenue estimate of $1.33 billion.
Several equities analysts have issued reports on the stock. TheStreet cut shares of Juniper Networks from a b rating to a c+ rating in a research note on Thursday, June 29th. Pacific Crest assumed coverage on shares of Juniper Networks in a research note on Monday, June 5th. They set a sector weight rating and a $31.00 price target on the stock. Robert W. Baird reaffirmed a neutral rating and set a $30.00 price target (up from $27.00) on shares of Juniper Networks in a research note on Saturday, April 29th. Standpoint Research cut shares of Juniper Networks from a buy rating to a reduce rating in a research note on Wednesday, May 3rd. Finally, KeyCorp assumed coverage on shares of Juniper Networks in a research note on Monday, June 5th. They set a hold rating and a $31.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $30.18.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up 1.70% on Tuesday, hitting $29.96. 8,213,364 shares of the stock traded hands. Juniper Networks, Inc. has a one year low of $22.12 and a one year high of $30.96. The company’s 50 day moving average is $28.81 and its 200 day moving average is $28.53. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 18.95 and a beta of 1.08.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Juniper Networks had a return on equity of 13.59% and a net margin of 12.10%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Juniper Networks, Inc. will post $2.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. Juniper Networks’s payout ratio is 25.00%.
In other news, Director Pradeep Sindhu sold 76,900 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $30.53, for a total value of $2,347,757.00. Following the completion of the sale, the director now directly owns 40,773 shares of the company’s stock, valued at $1,244,799.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Terrance F. Spidell sold 10,600 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 10,600 shares of the company’s stock, valued at $312,382. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,100 shares of company stock valued at $5,337,282. Insiders own 3.40% of the company’s stock.
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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