Juniper Networks (JNPR) to Release Earnings on Thursday

Juniper Networks (NYSE:JNPR) is set to issue its quarterly earnings data 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 released its quarterly earnings data 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 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 Stock Up 0.1 %

JNPR opened at $36.48 on Thursday. The firm has a 50-day simple moving average of $36.98 and a two-hundred day simple moving average of $32.41. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 0.36. The company has a market capitalization 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 has a 52 week low of $24.87 and a 52 week high of $38.04.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s dividend payout ratio (DPR) is currently 92.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Barclays restated an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. StockNews.com assumed coverage on shares of Juniper Networks in a research note on Wednesday. They issued a “hold” rating for the company. Morgan Stanley upgraded shares of Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price for the company in a research note on Thursday, January 11th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $40.00 target price (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.27.

Insider Activity

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

Institutional Investors Weigh In On Juniper Networks

A number of institutional investors have recently bought and sold shares of JNPR. Lazard Asset Management LLC lifted its position in shares of 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 worth $61,000 after purchasing an additional 1,891 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Juniper Networks in the fourth quarter valued at $81,000. Sunbelt Securities Inc. acquired a new stake in Juniper Networks in the first quarter valued at $84,000. Wahed Invest LLC raised its holdings in Juniper Networks by 12.1% in the second quarter. Wahed Invest LLC now owns 4,591 shares of the network equipment provider’s stock valued at $144,000 after acquiring an additional 495 shares in the last quarter. Finally, Horizon Investments LLC raised its holdings in Juniper Networks by 7.3% in the second quarter. Horizon Investments LLC now owns 5,851 shares of the network equipment provider’s stock valued at $183,000 after acquiring an additional 396 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other 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.