Juniper Networks, Inc. Declares Quarterly Dividend of $0.10 (JNPR)
Juniper Networks, Inc. (NYSE:JNPR) announced a quarterly dividend on Tuesday, October 24th, RTT News reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.10 per share by the network equipment provider on Friday, December 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%.
Juniper Networks has a payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Juniper Networks to earn $2.28 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 17.5%.
Juniper Networks (NYSE:JNPR) traded up 1.55% during midday trading on Tuesday, reaching $26.16. 5,927,325 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $27.28 and a 200 day moving average price of $28.37. The company has a market cap of $9.95 billion, a P/E ratio of 15.66 and a beta of 1.09. Juniper Networks has a 12 month low of $22.46 and a 12 month high of $30.96.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. Juniper Networks’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. On average, equities analysts anticipate that Juniper Networks will post $2.17 EPS for the current year.
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Several analysts recently weighed in on JNPR shares. TheStreet raised Juniper Networks from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Juniper Networks from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Friday, July 28th. Berenberg Bank restated a “buy” rating and set a $35.00 price objective on shares of Juniper Networks in a research report on Thursday, July 27th. Drexel Hamilton restated a “buy” rating and set a $37.00 price objective on shares of Juniper Networks in a research report on Thursday, July 20th. Finally, Instinet restated a “buy” rating and set a $33.00 price objective on shares of Juniper Networks in a research report on Tuesday, July 4th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks has an average rating of “Hold” and a consensus price target of $30.35.
In other news, CEO Rami Rahim sold 5,400 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $27.34, for a total value of $147,636.00. Following the transaction, the chief executive officer now directly owns 469,607 shares in the company, valued at approximately $12,839,055.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Terrance F. Spidell sold 3,313 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $91,736.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,013 shares of company stock worth $823,844. Company insiders own 2.60% of the company’s stock.
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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