Zacks: Brokerages Expect Juniper Networks, Inc. (NYSE:JNPR) Will Announce Quarterly Sales of $1.19 Billion

Analysts expect that Juniper Networks, Inc. (NYSE:JNPR) will report sales of $1.19 billion for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Juniper Networks’ earnings. The highest sales estimate is $1.21 billion and the lowest is $1.18 billion. Juniper Networks posted sales of $1.18 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The business is expected to issue its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Juniper Networks will report full-year sales of $4.43 billion for the current year, with estimates ranging from $4.42 billion to $4.44 billion. For the next financial year, analysts forecast that the company will post sales of $4.49 billion, with estimates ranging from $4.42 billion to $4.55 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Juniper Networks.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Thursday, October 24th. The network equipment provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Juniper Networks had a return on equity of 9.54% and a net margin of 8.35%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $0.54 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year.

A number of research firms have commented on JNPR. Goldman Sachs Group set a $21.00 price target on Juniper Networks and gave the company a “sell” rating in a research note on Friday, October 25th. ValuEngine upgraded Juniper Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays began coverage on Juniper Networks in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $27.00 price target for the company. Zacks Investment Research cut Juniper Networks from a “hold” rating to a “sell” rating and set a $26.00 price target for the company. in a research note on Thursday, September 26th. Finally, Rosenblatt Securities set a $25.00 price target on Juniper Networks and gave the company a “hold” rating in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Juniper Networks presently has a consensus rating of “Hold” and an average target price of $26.13.

In other news, CFO Kenneth Bradley Miller sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $25.13, for a total value of $175,910.00. Following the completion of the transaction, the chief financial officer now directly owns 70,333 shares in the company, valued at $1,767,468.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bikash Koley sold 32,059 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $24.74, for a total value of $793,139.66. Following the completion of the transaction, the executive vice president now owns 59,375 shares of the company’s stock, valued at $1,468,937.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,213 shares of company stock valued at $2,344,691. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of JNPR. Retirement Systems of Alabama grew its holdings in Juniper Networks by 14.3% during the second quarter. Retirement Systems of Alabama now owns 1,470,594 shares of the network equipment provider’s stock worth $39,162,000 after acquiring an additional 183,586 shares during the period. New England Research & Management Inc. grew its holdings in Juniper Networks by 5.0% during the second quarter. New England Research & Management Inc. now owns 28,600 shares of the network equipment provider’s stock worth $762,000 after acquiring an additional 1,350 shares during the period. Kwmg LLC grew its holdings in Juniper Networks by 5.5% during the second quarter. Kwmg LLC now owns 90,943 shares of the network equipment provider’s stock worth $2,422,000 after acquiring an additional 4,730 shares during the period. CENTRAL TRUST Co acquired a new stake in Juniper Networks during the second quarter worth about $51,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in Juniper Networks by 9.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 186,902 shares of the network equipment provider’s stock worth $4,977,000 after acquiring an additional 15,817 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Juniper Networks stock traded down $0.59 during midday trading on Friday, reaching $25.71. The company’s stock had a trading volume of 4,479,026 shares, compared to its average volume of 3,374,371. The stock’s 50-day simple moving average is $24.44 and its 200-day simple moving average is $25.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.24 and a quick ratio of 2.24. Juniper Networks has a 52-week low of $22.42 and a 52-week high of $29.47. The stock has a market capitalization of $8.76 billion, a P/E ratio of 18.90, a PEG ratio of 3.64 and a beta of 0.99.

Juniper Networks declared that its Board of Directors has initiated a stock repurchase program on Thursday, October 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase up to 11.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, November 29th. Juniper Networks’s payout ratio is 55.88%.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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