Juniper Networks, Inc. (NYSE:JNPR) Expected to Post Quarterly Sales of $1.16 Billion

Wall Street analysts forecast that Juniper Networks, Inc. (NYSE:JNPRGet Rating) will announce sales of $1.16 billion for the current quarter, according to Zacks. Six analysts have made estimates for Juniper Networks’ earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.15 billion. Juniper Networks reported sales of $1.07 billion during the same quarter last year, which would suggest a positive year over year growth rate of 8.4%. The company is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Juniper Networks will report full-year sales of $5.12 billion for the current financial year, with estimates ranging from $5.09 billion to $5.14 billion. For the next year, analysts expect that the firm will report sales of $5.34 billion, with estimates ranging from $5.16 billion to $5.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Juniper Networks.

Juniper Networks (NYSE:JNPRGet Rating) last issued its earnings results on Thursday, January 27th. The network equipment provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. Juniper Networks had a net margin of 5.34% and a return on equity of 9.02%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Juniper Networks from $33.00 to $36.00 in a research report on Thursday, January 20th. Loop Capital assumed coverage on shares of Juniper Networks in a research note on Monday, February 14th. They issued a “buy” rating and a $41.00 target price on the stock. Citigroup raised shares of Juniper Networks from a “sell” rating to a “neutral” rating and increased their price target for the stock from $25.00 to $36.00 in a report on Tuesday. Barclays increased their price target on shares of Juniper Networks from $32.00 to $38.00 in a report on Friday, January 28th. Finally, StockNews.com started coverage on shares of Juniper Networks in a report on Thursday, March 31st. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $35.40.

JNPR traded up $0.26 during midday trading on Friday, hitting $34.67. The company had a trading volume of 71,295 shares, compared to its average volume of 5,088,708. Juniper Networks has a 52 week low of $24.93 and a 52 week high of $38.14. The company has a quick ratio of 1.43, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.50 and a beta of 0.89. The stock’s 50 day moving average price is $34.81 and its 200 day moving average price is $32.86.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 22nd. Stockholders of record on Tuesday, March 1st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, February 28th. This is an increase from Juniper Networks’s previous quarterly dividend of $0.20. Juniper Networks’s payout ratio is 110.53%.

In related news, CFO Kenneth Bradley Miller sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $34.78, for a total transaction of $208,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Manoj Leelanivas sold 13,366 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $38.00, for a total transaction of $507,908.00. The disclosure for this sale can be found here. Insiders sold 83,361 shares of company stock worth $2,930,091 in the last three months. Insiders own 1.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Strategy Asset Managers LLC bought a new position in Juniper Networks during the first quarter valued at $846,000. DNB Asset Management AS grew its holdings in shares of Juniper Networks by 4.9% in the first quarter. DNB Asset Management AS now owns 89,850 shares of the network equipment provider’s stock worth $3,339,000 after purchasing an additional 4,206 shares during the last quarter. City State Bank bought a new position in shares of Juniper Networks in the fourth quarter worth about $43,000. Twelve Points Wealth Management LLC bought a new position in shares of Juniper Networks in the fourth quarter worth about $438,000. Finally, Norges Bank bought a new position in shares of Juniper Networks in the fourth quarter worth about $117,032,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

About Juniper Networks (Get Rating)

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.

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

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