Juniper Networks, Inc. (NYSE:JNPR) to Post Q3 2024 Earnings of $0.37 Per Share, Zacks Research Forecasts

Juniper Networks, Inc. (NYSE:JNPR) – Investment analysts at Zacks Research reduced their Q3 2024 EPS estimates for Juniper Networks in a research report issued to clients and investors on Monday, April 22nd. Zacks Research analyst A. Chatterjee now forecasts that the network equipment provider will earn $0.37 per share for the quarter, down from their previous forecast of $0.38. The consensus estimate for Juniper Networks’ current full-year earnings is $1.37 per share. Zacks Research also issued estimates for Juniper Networks’ FY2024 earnings at $1.35 EPS and FY2025 earnings at $1.37 EPS.

Other equities analysts have also issued research reports about the stock. Morgan Stanley raised shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target for the company in a research report on Thursday, January 11th. Barclays reissued an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Rosenblatt Securities increased their price objective on shares of Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. KeyCorp reissued a “sector weight” rating on shares of Juniper Networks in a research report on Thursday, January 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Eleven 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.com, the company has an average rating of “Hold” and a consensus price target of $34.27.

Juniper Networks Stock Performance

Shares of JNPR stock opened at $35.90 on Tuesday. Juniper Networks has a one year low of $24.87 and a one year high of $38.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.80. The company has a 50 day moving average price of $36.91 and a 200 day moving average price of $32.70. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 7.38 and a beta of 0.98.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.41 billion.

Juniper Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s payout ratio is 92.63%.

Insider Activity at Juniper Networks

In related news, SVP Robert Mobassaly sold 5,173 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the sale, the senior vice president now directly owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total transaction of $190,262.94. Following the transaction, the senior vice president now directly owns 36,061 shares in the company, valued at approximately $1,326,323.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the transaction, the chief operating officer now owns 73,684 shares in the company, valued at $2,726,308. The disclosure for this sale can be found here. In the last three months, insiders sold 216,302 shares of company stock valued at $8,005,602. Corporate insiders own 1.29% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its stake in Juniper Networks by 4.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 46,266 shares of the network equipment provider’s stock valued at $1,286,000 after buying an additional 2,134 shares during the period. Nordea Investment Management AB grew its stake in shares of Juniper Networks by 2,096.4% in the 4th quarter. Nordea Investment Management AB now owns 452,455 shares of the network equipment provider’s stock worth $13,212,000 after purchasing an additional 431,855 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Juniper Networks by 71.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 324,954 shares of the network equipment provider’s stock worth $9,030,000 after purchasing an additional 135,823 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Juniper Networks by 112.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 181,032 shares of the network equipment provider’s stock worth $5,031,000 after purchasing an additional 95,672 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Juniper Networks by 37.2% in the 3rd quarter. Retirement Systems of Alabama now owns 1,657,664 shares of the network equipment provider’s stock worth $46,066,000 after purchasing an additional 449,575 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

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.