$0.52 EPS Expected for Juniper Networks, Inc. (JNPR) This Quarter

Brokerages expect Juniper Networks, Inc. (NYSE:JNPR) to post earnings per share of $0.52 for the current quarter, according to Zacks. Eight analysts have provided estimates for Juniper Networks’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.48. Juniper Networks reported earnings per share of $0.66 during the same quarter last year, which suggests a negative year over year growth rate of 21.2%. The firm is expected to announce its next quarterly earnings results after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Juniper Networks will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.12. For the next year, analysts expect that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $1.94 to $2.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, October 24th. The network equipment provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Juniper Networks had a net margin of 12.77% and a return on equity of 13.81%. Juniper Networks’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS.

A number of analysts have recently issued reports on JNPR shares. Zacks Investment Research lowered Juniper Networks from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group restated a “hold” rating and issued a $30.25 target price on shares of Juniper Networks in a report on Tuesday, October 3rd. BidaskClub upgraded Juniper Networks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Bank of America lowered Juniper Networks from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $31.00 in a report on Wednesday, October 11th. Finally, Instinet lowered Juniper Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.96.

Shares of Juniper Networks (NYSE:JNPR) opened at $28.76 on Friday. The stock has a market capitalization of $10,930.00, a price-to-earnings ratio of 17.22, a PEG ratio of 2.63 and a beta of 1.10. Juniper Networks has a 1-year low of $23.87 and a 1-year high of $30.96. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.41.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, November 30th. Juniper Networks’s payout ratio is 23.95%.

In other Juniper Networks news, CEO Rami Rahim sold 5,400 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.35, for a total transaction of $142,290.00. Following the transaction, the chief executive officer now directly owns 469,607 shares of the company’s stock, valued at $12,374,144.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rahul N. Merchant bought 2,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of $24.48 per share, for a total transaction of $48,960.00. Following the completion of the transaction, the director now directly owns 22,543 shares of the company’s stock, valued at $551,852.64. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Juniper Networks in the third quarter valued at about $111,000. Acrospire Investment Management LLC grew its position in shares of Juniper Networks by 4.3% in the second quarter. Acrospire Investment Management LLC now owns 4,890 shares of the network equipment provider’s stock valued at $136,000 after purchasing an additional 201 shares during the last quarter. Stevens First Principles Investment Advisors grew its position in shares of Juniper Networks by 40.9% in the third quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after purchasing an additional 2,045 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in shares of Juniper Networks in the second quarter valued at about $204,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Juniper Networks in the third quarter valued at about $217,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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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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