Juniper Networks (JNPR) to Release Earnings on Thursday

Juniper Networks (NYSE:JNPR) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Juniper Networks has set its FY 2023 guidance at 0.950-0.950 EPS.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, analysts expect Juniper Networks to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Juniper Networks Price Performance

Shares of NYSE:JNPR opened at $36.48 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $36.98 and its two-hundred day simple moving average is $32.41. Juniper Networks has a 1-year low of $24.87 and a 1-year high of $38.04. The stock has a market cap of $11.83 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 7.48 and a beta of 0.98.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s dividend payout ratio is presently 92.63%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Rosenblatt Securities lifted their price objective on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 target price (up previously from $35.00) on shares of Juniper Networks in a report on Thursday, January 11th. KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target on the stock in a research note on Thursday, January 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Juniper Networks has an average rating of “Hold” and an average price target of $34.27.

Insiders Place Their Bets

In other Juniper Networks news, CEO Rami Rahim sold 5,555 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $37.06, for a total value of $205,868.30. Following the sale, the chief executive officer now directly owns 1,003,429 shares of the company’s stock, valued at $37,187,078.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at $1,326,323.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rami Rahim sold 5,555 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $37.06, for a total value of $205,868.30. Following the completion of the transaction, the chief executive officer now directly owns 1,003,429 shares in the company, valued at approximately $37,187,078.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,302 shares of company stock valued at $8,005,602. 1.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Juniper Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of JNPR. Lazard Asset Management LLC boosted its stake in Juniper Networks by 2,224.7% during the second quarter. Lazard Asset Management LLC now owns 1,976 shares of the network equipment provider’s stock valued at $61,000 after buying an additional 1,891 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Juniper Networks in the 1st quarter valued at approximately $84,000. International Assets Investment Management LLC bought a new stake in shares of Juniper Networks in the 4th quarter valued at approximately $81,000. Wahed Invest LLC lifted its stake in shares of Juniper Networks by 12.1% in the 2nd quarter. Wahed Invest LLC now owns 4,591 shares of the network equipment provider’s stock valued at $144,000 after purchasing an additional 495 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of Juniper Networks by 7.3% in the 2nd quarter. Horizon Investments LLC now owns 5,851 shares of the network equipment provider’s stock valued at $183,000 after purchasing an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Juniper Networks Company Profile

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.