Juniper Networks (NYSE:JNPR) Updates Q3 2022 Earnings Guidance

Juniper Networks (NYSE:JNPR – Get Rating) updated its third quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.45-$0.55 for the period, compared to the consensus estimate of $0.54. The company issued revenue guidance of $1.30 billion-$1.40 billion, compared to the consensus revenue estimate of $1.29 billion.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JNPR shares. UBS Group dropped their price objective on shares of Juniper Networks from $34.00 to $31.00 and set a neutral rating on the stock in a research report on Wednesday. Rosenblatt Securities lowered their price target on shares of Juniper Networks from $33.00 to $32.00 and set a neutral rating on the stock in a report on Wednesday. Citigroup reduced their price objective on Juniper Networks from $36.00 to $30.00 and set a neutral rating for the company in a report on Wednesday. Evercore ISI lowered their target price on Juniper Networks from $35.00 to $33.00 and set an in-line rating on the stock in a research note on Tuesday, June 28th. Finally, Wells Fargo & Company reduced their price target on Juniper Networks to $32.00 and set an outperform rating for the company in a research note on Wednesday. Four analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $33.18.

Juniper Networks Trading Up 0.1 %

NYSE:JNPR traded up $0.03 during mid-day trading on Friday, hitting $28.03. 4,907,677 shares of the company’s stock were exchanged, compared to its average volume of 4,256,810. The company has a current ratio of 1.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.39. Juniper Networks has a fifty-two week low of $26.20 and a fifty-two week high of $38.14. The company has a 50 day simple moving average of $28.97 and a 200-day simple moving average of $32.18. The firm has a market capitalization of $9.06 billion, a P/E ratio of 27.21, a PEG ratio of 1.82 and a beta of 0.94.

Juniper Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, August 31st. Juniper Networks’s dividend payout ratio is presently 81.55%.

Insiders Place Their Bets

In related news, CFO Kenneth Bradley Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the sale, the chief financial officer now owns 171,835 shares of the company’s stock, valued at $5,471,226.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Manoj Leelanivas sold 8,274 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $32.15, for a total transaction of $266,009.10. Following the transaction, the chief operating officer now directly owns 100,230 shares of the company’s stock, valued at approximately $3,222,394.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kenneth Bradley Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the sale, the chief financial officer now directly owns 171,835 shares of the company’s stock, valued at approximately $5,471,226.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,494 shares of company stock worth $1,130,982. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Juniper Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Blair William & Co. IL purchased a new stake in Juniper Networks in the 1st quarter valued at $520,000. Quantamental Technologies LLC purchased a new stake in shares of Juniper Networks in the first quarter valued at about $485,000. NewEdge Advisors LLC bought a new position in shares of Juniper Networks during the first quarter valued at about $469,000. Mirabella Financial Services LLP purchased a new position in Juniper Networks during the first quarter worth about $446,000. Finally, Virtu Financial LLC bought a new stake in Juniper Networks in the 1st quarter worth about $436,000. 92.78% of the stock is owned by institutional investors.

About Juniper Networks

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Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.