Wall Street analysts expect Juniper Networks, Inc. (NYSE:JNPR) to post sales of $1.11 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Juniper Networks’ earnings, with the lowest sales estimate coming in at $1.10 billion and the highest estimate coming in at $1.13 billion. Juniper Networks posted sales of $1.20 billion during the same quarter last year, which suggests a negative year over year growth rate of 7.5%. The business is scheduled to issue its next earnings report on Thursday, July 25th.
On average, analysts expect that Juniper Networks will report full-year sales of $4.47 billion for the current financial year, with estimates ranging from $4.43 billion to $4.54 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $4.61 billion, with estimates ranging from $4.45 billion to $4.82 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Juniper Networks.
Juniper Networks (NYSE:JNPR) last posted its earnings results on Thursday, April 25th. The network equipment provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.15. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $983.92 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Juniper Networks’s revenue was down 7.5% on a year-over-year basis.
In related news, EVP Bikash Koley sold 10,882 shares of Juniper Networks stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $27.68, for a total value of $301,213.76. Following the completion of the sale, the executive vice president now owns 48,620 shares in the company, valued at approximately $1,345,801.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Stensrud sold 35,000 shares of Juniper Networks stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $26.01, for a total transaction of $910,350.00. Following the completion of the sale, the director now owns 5,531 shares of the company’s stock, valued at approximately $143,861.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,523 shares of company stock worth $2,230,218. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Covington Capital Management acquired a new position in shares of Juniper Networks in the fourth quarter worth $31,000. Bremer Bank National Association acquired a new position in shares of Juniper Networks during the first quarter worth $39,000. Bremer Trust National Association acquired a new position in shares of Juniper Networks during the fourth quarter worth $41,000. Financial Gravity Companies Inc. acquired a new position in shares of Juniper Networks during the fourth quarter worth $47,000. Finally, Rational Advisors LLC grew its stake in shares of Juniper Networks by 1,800.8% during the first quarter. Rational Advisors LLC now owns 2,262 shares of the network equipment provider’s stock worth $60,000 after purchasing an additional 2,143 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.
Shares of JNPR remained flat at $$26.49 during midday trading on Monday. The stock had a trading volume of 1,528,254 shares, compared to its average volume of 3,403,957. Juniper Networks has a 12-month low of $24.51 and a 12-month high of $30.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.89 and a current ratio of 2.89. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.93 and a beta of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, May 31st. Juniper Networks’s payout ratio is presently 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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