Juniper Networks, Inc. (JNPR) Updates Q4 Earnings Guidance
Juniper Networks, Inc. (NYSE:JNPR) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.49-0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.60. The company issued revenue guidance of $1.20-1.26 billion, compared to the consensus revenue estimate of $1.33 billion.
Several research firms recently commented on JNPR. BidaskClub lowered shares of Juniper Networks from a hold rating to a sell rating in a report on Tuesday, October 17th. TheStreet lowered shares of Juniper Networks from a b rating to a c+ rating in a report on Thursday, June 29th. Zacks Investment Research lowered shares of Juniper Networks from a buy rating to a hold rating in a research note on Monday, July 31st. UBS AG reiterated a neutral rating and set a $30.00 price objective (up previously from $28.00) on shares of Juniper Networks in a research note on Wednesday, July 26th. Finally, BMO Capital Markets dropped their price objective on shares of Juniper Networks from $34.00 to $31.00 and set an outperform rating on the stock in a research note on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $30.35.
Shares of Juniper Networks, Inc. (JNPR) traded up 1.55% on Tuesday, hitting $26.16. The stock had a trading volume of 5,924,326 shares. The stock’s 50-day moving average price is $27.28 and its 200 day moving average price is $28.37. Juniper Networks, Inc. has a 52 week low of $22.46 and a 52 week high of $30.96. The company has a market cap of $9.95 billion, a PE ratio of 15.66 and a beta of 1.09.
Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, July 25th. The network equipment provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Juniper Networks had a return on equity of 14.13% and a net margin of 12.66%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.50 EPS. On average, analysts predict that Juniper Networks, Inc. will post $2.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.53%. Juniper Networks’s payout ratio is currently 23.39%.
In other Juniper Networks news, VP Terrance F. Spidell sold 3,313 shares of Juniper Networks 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rami Rahim sold 5,300 shares of Juniper Networks stock in a transaction on Monday, August 28th. The shares were sold at an average price of $27.47, for a total value of $145,591.00. Following the completion of the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,900,104.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,013 shares of company stock valued at $823,844. 2.60% of the stock is currently owned by insiders.
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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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