Juniper Networks, Inc. (JNPR) Issues Q3 Earnings Guidance
Juniper Networks, Inc. (NYSE:JNPR) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.54-0.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $1.25-1.26 billion, compared to the consensus revenue estimate of $1.33 billion.
A number of research firms recently issued reports on JNPR. TheStreet downgraded shares of Juniper Networks from a b rating to a c+ rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded shares of Juniper Networks from a buy rating to a hold rating in a research note on Monday, July 31st. UBS AG reissued a neutral rating and issued a $30.00 price target (up from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. BMO Capital Markets reissued a buy rating and issued a $34.00 price target on shares of Juniper Networks in a research note on Wednesday, August 23rd. Finally, Needham & Company LLC reissued a hold rating on shares of Juniper Networks in a research note on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $30.91.
Shares of Juniper Networks, Inc. (NYSE:JNPR) traded down 1.65% during trading on Wednesday, hitting $26.86. 11,125,782 shares of the company’s stock were exchanged. The company has a market cap of $10.22 billion, a P/E ratio of 16.07 and a beta of 1.09. Juniper Networks, Inc. has a 12-month low of $22.41 and a 12-month high of $30.96. The company has a 50-day moving average of $27.68 and a 200-day moving average of $28.49.
Juniper Networks (NYSE:JNPR) last issued its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a net margin of 12.66% and a return on equity of 14.13%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts expect that Juniper Networks, Inc. will post $2.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were issued a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.49%. Juniper Networks’s dividend payout ratio (DPR) is 23.39%.
In other Juniper Networks news, EVP Vincent Molinaro sold 5,031 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $30.00, for a total transaction of $150,930.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rami Rahim sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total transaction of $438,880.00. Following the sale, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,881,320.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,044 shares of company stock worth $974,774. 3.40% of the stock is owned by corporate insiders.
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Juniper Networks Company Profile
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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