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.

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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.

Earnings History for Juniper Networks (NYSE:JNPR)

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