Juniper Networks, Inc. (JNPR) Issues Quarterly Earnings Results
Juniper Networks, Inc. (NYSE:JNPR) posted its earnings results on Monday. The network equipment provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03), Bloomberg Earnings reports. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share.
Juniper Networks (NYSE JNPR) traded up 1.55% during midday trading on Tuesday, hitting $26.16. 5,946,003 shares of the stock traded hands. Juniper Networks has a 12-month low of $24.74 and a 12-month high of $30.96. The firm’s 50 day moving average is $27.25 and its 200-day moving average is $28.36. The stock has a market capitalization of $9.95 billion, a PE ratio of 15.66 and a beta of 1.09.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. Juniper Networks’s payout ratio is 23.39%.
JNPR has been the subject of several recent analyst reports. BidaskClub downgraded shares of Juniper Networks from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Bank of America Corporation decreased their price objective on shares of Juniper Networks from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Juniper Networks from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $30.00 price objective on shares of Juniper Networks in a report on Wednesday, August 2nd. Finally, UBS AG reaffirmed a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Juniper Networks in a report on Wednesday, July 26th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.35.
WARNING: This report was reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/24/juniper-networks-inc-jnpr-issues-quarterly-earnings-results.html.
In other Juniper Networks news, CEO Rami Rahim sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $27.43, for a total transaction of $438,880.00. Following the completion of the transaction, the chief executive officer now owns 469,607 shares of the company’s stock, valued at $12,881,320.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Terrance F. Spidell sold 3,313 shares of the business’s stock in a transaction dated 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. In the last ninety days, insiders sold 30,013 shares of company stock valued at $823,844. 2.60% of the stock is owned by insiders.
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.
Receive News & Ratings for Juniper Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.