Juniper Networks, Inc. (NYSE:JNPR) Forecasted to Earn Q2 2022 Earnings of $0.34 Per Share

Juniper Networks, Inc. (NYSE:JNPRGet Rating) – Research analysts at KeyCorp boosted their Q2 2022 EPS estimates for Juniper Networks in a research report issued on Wednesday, April 27th. KeyCorp analyst T. Blakey now expects that the network equipment provider will earn $0.34 per share for the quarter, up from their previous estimate of $0.33. KeyCorp has a “Overweight” rating and a $46.00 price objective on the stock. KeyCorp also issued estimates for Juniper Networks’ Q3 2022 earnings at $0.40 EPS, Q4 2022 earnings at $0.57 EPS, FY2022 earnings at $1.50 EPS, Q1 2023 earnings at $0.31 EPS, Q2 2023 earnings at $0.44 EPS, Q3 2023 earnings at $0.48 EPS, Q4 2023 earnings at $0.62 EPS and FY2023 earnings at $1.85 EPS.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday. Morgan Stanley upped their target price on shares of Juniper Networks from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Friday, January 28th. StockNews.com initiated coverage on shares of Juniper Networks in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Citigroup upgraded shares of Juniper Networks from a “sell” rating to a “neutral” rating and upped their target price for the company from $25.00 to $36.00 in a research note on Tuesday, April 12th. Finally, Bank of America upgraded shares of Juniper Networks from an “underperform” rating to a “buy” rating and upped their target price for the company from $22.00 to $40.00 in a research note on Tuesday, January 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $36.60.

NYSE:JNPR opened at $31.52 on Monday. The firm’s 50-day moving average price is $34.79 and its 200-day moving average price is $33.47. The company has a market capitalization of $10.17 billion, a PE ratio of 30.60, a P/E/G ratio of 2.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.63 and a quick ratio of 1.43. Juniper Networks has a 1-year low of $25.33 and a 1-year high of $38.14.

Juniper Networks (NYSE:JNPRGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Juniper Networks had a net margin of 7.03% and a return on equity of 9.40%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Wednesday, June 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Tuesday, May 31st. Juniper Networks’s dividend payout ratio (DPR) is presently 81.55%.

In related news, EVP Marcus Jewell sold 29,099 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $34.38, for a total value of $1,000,423.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Manoj Leelanivas sold 13,366 shares of the firm’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $38.00, for a total value of $507,908.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,361 shares of company stock valued at $2,930,091. 1.30% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its position in shares of Juniper Networks by 72.8% during the first quarter. CVA Family Office LLC now owns 700 shares of the network equipment provider’s stock worth $26,000 after purchasing an additional 295 shares during the last quarter. UMB Bank N A MO bought a new stake in shares of Juniper Networks during the fourth quarter worth $26,000. Benjamin Edwards Inc. bought a new stake in shares of Juniper Networks during the fourth quarter worth $30,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Juniper Networks by 142.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 879 shares of the network equipment provider’s stock worth $31,000 after purchasing an additional 516 shares during the last quarter. Finally, CWM LLC bought a new stake in shares of Juniper Networks in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Juniper Networks Company Profile (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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