Juniper Networks (JNPR) to Release Quarterly Earnings on Thursday

Posted by Defense World Staff on Oct 19th, 2023

Juniper Networks (NYSE:JNPR – Get Free Report) is set to release its earnings data after the market closes on Thursday, October 26th. Analysts expect Juniper Networks to post earnings of $0.55 per share for the quarter. Juniper Networks has set its Q3 guidance at $0.49-0.59 EPS and its Q3 2023 guidance at $0.49-$0.59 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Juniper Networks (NYSE:JNPR – Get Free Report) last posted its earnings results on Thursday, July 27th. The network equipment provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Juniper Networks had a return on equity of 12.85% and a net margin of 7.27%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. On average, analysts expect Juniper Networks to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Juniper Networks Stock Down 2.2 %

Juniper Networks stock opened at $25.53 on Thursday. Juniper Networks has a fifty-two week low of $25.37 and a fifty-two week high of $34.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.66. The company has a market capitalization of $8.20 billion, a P/E ratio of 20.88, a PEG ratio of 1.70 and a beta of 0.91. The stock has a 50-day simple moving average of $27.84 and a 200-day simple moving average of $29.59.

Juniper Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, August 31st. Juniper Networks’s payout ratio is currently 70.40%.

Wall Street Analyst Weigh In

JNPR has been the topic of several recent research reports. BNP Paribas initiated coverage on Juniper Networks in a research report on Thursday, July 20th. They issued a “neutral” rating and a $31.00 price target on the stock. Citigroup dropped their price target on Juniper Networks from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, July 28th. StockNews.com initiated coverage on Juniper Networks in a research report on Thursday, October 5th. They set a “buy” rating on the stock. JPMorgan Chase & Co. cut Juniper Networks from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $29.00 in a research report on Monday, October 9th. Finally, Barclays decreased their price target on Juniper Networks from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.38.

View Our Latest Report on Juniper Networks

Insider Activity at Juniper Networks

In related news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $26.68, for a total value of $148,234.08. Following the sale, the chief executive officer now owns 896,078 shares of the company’s stock, valued at approximately $23,907,361.04. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Juniper Networks news, Director Anne Delsanto sold 900 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $29.22, for a total transaction of $26,298.00. Following the transaction, the director now owns 28,343 shares of the company’s stock, valued at approximately $828,182.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rami Rahim sold 5,556 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $26.68, for a total value of $148,234.08. Following the transaction, the chief executive officer now directly owns 896,078 shares in the company, valued at approximately $23,907,361.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,812 shares of company stock valued at $789,278. 1.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its stake in shares of Juniper Networks by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 8,385 shares of the network equipment provider’s stock worth $219,000 after purchasing an additional 999 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Juniper Networks during the 4th quarter worth $217,000. Cetera Advisor Networks LLC acquired a new stake in shares of Juniper Networks during the 4th quarter worth $208,000. West Family Investments Inc. acquired a new stake in shares of Juniper Networks during the 2nd quarter worth $207,000. Finally, Syntax Advisors LLC acquired a new stake in shares of Juniper Networks during the 4th quarter worth $202,000. Hedge funds and other institutional investors own 87.79% of the company’s stock.

Juniper Networks Company Profile

(Get Free Report)

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.