$1.05 Billion in Sales Expected for Juniper Networks, Inc. (JNPR) This Quarter

Equities research analysts expect Juniper Networks, Inc. (NYSE:JNPR) to post sales of $1.05 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Juniper Networks’ earnings, with estimates ranging from $1.03 billion to $1.07 billion. Juniper Networks reported sales of $1.22 billion in the same quarter last year, which indicates a negative year over year growth rate of 13.9%. The business is expected to announce its next earnings results on Tuesday, April 24th.

On average, analysts expect that Juniper Networks will report full year sales of $1.05 billion for the current year, with estimates ranging from $4.55 billion to $4.85 billion. For the next year, analysts forecast that the business will post sales of $4.86 billion per share, with estimates ranging from $4.63 billion to $5.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Juniper Networks.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Juniper Networks had a return on equity of 13.34% and a net margin of 6.26%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The company’s revenue was down 10.5% compared to the same quarter last year.

JNPR has been the subject of several recent research reports. Robert W. Baird restated a “hold” rating and set a $26.00 price objective on shares of Juniper Networks in a report on Wednesday, January 31st. Loop Capital decreased their price objective on Juniper Networks to $26.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Piper Jaffray Companies restated a “neutral” rating and set a $27.00 price objective on shares of Juniper Networks in a report on Wednesday, January 10th. Nomura decreased their price objective on Juniper Networks from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Finally, Stifel Nicolaus decreased their price objective on Juniper Networks from $28.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and a consensus price target of $28.61.

In other Juniper Networks news, VP Terrance F. Spidell sold 8,409 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.47, for a total value of $222,586.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vincent Molinaro sold 7,647 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $26.21, for a total value of $200,427.87. Following the completion of the transaction, the executive vice president now owns 17,989 shares of the company’s stock, valued at approximately $471,491.69. The disclosure for this sale can be found here. Insiders sold a total of 16,713 shares of company stock valued at $440,221 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Juniper Networks during the 3rd quarter valued at $111,000. Cerebellum GP LLC purchased a new position in shares of Juniper Networks during the 4th quarter valued at $128,000. Exane Derivatives lifted its position in shares of Juniper Networks by 278.1% during the 4th quarter. Exane Derivatives now owns 5,633 shares of the network equipment provider’s stock valued at $161,000 after buying an additional 4,143 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new position in shares of Juniper Networks during the 4th quarter valued at $163,000. Finally, Stevens First Principles Investment Advisors lifted its position in shares of Juniper Networks by 40.9% during the 3rd quarter. Stevens First Principles Investment Advisors now owns 7,045 shares of the network equipment provider’s stock valued at $196,000 after buying an additional 2,045 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Shares of Juniper Networks (NYSE:JNPR) traded down $0.34 on Friday, reaching $25.89. The company’s stock had a trading volume of 4,678,496 shares, compared to its average volume of 4,569,286. Juniper Networks has a 12-month low of $23.87 and a 12-month high of $30.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.70 and a current ratio of 2.41. The firm has a market capitalization of $9,879.36, a price-to-earnings ratio of 31.96, a PEG ratio of 3.06 and a beta of 0.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.10. Juniper Networks’s dividend payout ratio is 49.38%.

Juniper Networks declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 30th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the network equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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Juniper Networks Company Profile

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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Earnings History and Estimates for Juniper Networks (NYSE:JNPR)

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