Juniper Networks, Inc. (NYSE:JNPR) Issues Q3 Earnings Guidance

Juniper Networks, Inc. (NYSE:JNPR) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.55-0.61 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $1.29-1.35 billion, compared to the consensus revenue estimate of $1.33 billion.

A number of research analysts recently weighed in on the stock. Drexel Hamilton reiterated a buy rating and issued a $37.00 price objective on shares of Juniper Networks in a research note on Thursday, July 20th. Raymond James Financial, Inc. upgraded shares of Juniper Networks from a market perform rating to an outperform rating and set a $34.00 price objective for the company in a research note on Friday. BMO Capital Markets upgraded shares of Juniper Networks from a market perform rating to an outperform rating and lifted their price objective for the company from $31.00 to $34.00 in a research note on Monday, July 10th. ValuEngine upgraded shares of Juniper Networks from a hold rating to a buy rating in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $30.00 price objective (up from $27.00) on shares of Juniper Networks in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Juniper Networks presently has an average rating of Hold and an average price target of $30.18.

Shares of Juniper Networks, Inc. (NYSE:JNPR) traded up 1.70% during trading on Tuesday, hitting $29.96. 8,213,364 shares of the stock traded hands. Juniper Networks, Inc. has a 12 month low of $22.12 and a 12 month high of $30.96. The stock has a market cap of $11.45 billion, a PE ratio of 18.95 and a beta of 1.08. The firm’s 50-day moving average price is $28.81 and its 200-day moving average price is $28.53.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, July 25th. The network equipment provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Juniper Networks had a net margin of 12.10% and a return on equity of 13.59%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $0.50 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Analysts anticipate that Juniper Networks, Inc. will post $2.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. Juniper Networks’s payout ratio is currently 25.00%.

In other news, VP Terrance F. Spidell sold 10,600 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $29.47, for a total value of $312,382.00. Following the completion of the sale, the vice president now owns 10,600 shares in the company, valued at approximately $312,382. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rami Rahim sold 10,700 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $30.64, for a total transaction of $327,848.00. Following the completion of the sale, the chief executive officer now owns 469,607 shares of the company’s stock, valued at approximately $14,388,758.48. The disclosure for this sale can be found here. Insiders sold a total of 175,100 shares of company stock valued at $5,337,282 over the last three months. Corporate insiders own 3.40% of the company’s stock.

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Juniper Networks Company Profile

Juniper Networks, Inc designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific.

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