Brokerages Expect Juniper Networks, Inc. (NYSE:JNPR) Will Post Quarterly Sales of $1.11 Billion

Brokerages predict that Juniper Networks, Inc. (NYSE:JNPR) will report $1.11 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Juniper Networks’ earnings. The highest sales estimate is $1.13 billion and the lowest is $1.10 billion. Juniper Networks reported sales of $1.20 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 7.5%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, July 25th.

According to Zacks, 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 year, analysts forecast that the company will report sales of $4.61 billion, with estimates ranging from $4.45 billion to $4.82 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Juniper Networks.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings data on Thursday, April 25th. The network equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.15. Juniper Networks had a return on equity of 10.67% and a net margin of 12.34%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $983.92 million. During the same quarter last year, the business posted $0.28 EPS. The business’s revenue was down 7.5% on a year-over-year basis.

Several equities research analysts have weighed in on JNPR shares. Piper Jaffray Companies set a $27.00 price objective on Juniper Networks and gave the stock a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded Juniper Networks from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. TheStreet cut Juniper Networks from a “b” rating to a “c+” rating in a report on Thursday, April 25th. Finally, Rosenblatt Securities upgraded Juniper Networks from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $24.00 to $27.00 in a report on Wednesday, June 12th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.38.

NYSE JNPR opened at $26.32 on Wednesday. Juniper Networks has a fifty-two week low of $24.51 and a fifty-two week high of $30.80. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $26.05. The stock has a market cap of $9.28 billion, a PE ratio of 19.35, a P/E/G ratio of 3.04 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Friday, May 31st. Juniper Networks’s dividend payout ratio is currently 55.88%.

In other news, Director William Stensrud sold 35,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $26.01, for a total value of $910,350.00. Following the completion of the transaction, the director now owns 5,531 shares of the company’s stock, valued at approximately $143,861.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bikash Koley sold 10,882 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $27.68, for a total value of $301,213.76. Following the completion of the transaction, the executive vice president now directly owns 48,620 shares of the company’s stock, valued at approximately $1,345,801.60. The disclosure for this sale can be found here. Insiders sold a total of 82,523 shares of company stock valued at $2,230,218 in the last three months. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Covington Capital Management bought a new stake in shares of Juniper Networks in the 4th quarter worth $31,000. Bremer Bank National Association bought a new stake in shares of Juniper Networks in the 1st quarter worth $39,000. Bremer Trust National Association bought a new stake in shares of Juniper Networks in the 4th quarter worth $41,000. Rational Advisors LLC increased its holdings in shares of Juniper Networks by 1,800.8% in the 1st 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. Finally, Tortoise Index Solutions LLC bought a new stake in shares of Juniper Networks in the 1st quarter worth $64,000. 91.53% of the stock is owned by institutional investors.

Juniper Networks Company Profile

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.

Featured Article: The limitations of an equal weight rating

Get a free copy of the Zacks research report on Juniper Networks (JNPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Juniper Networks (NYSE:JNPR)

Receive News & Ratings for Juniper Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Juniper Networks and related companies with MarketBeat.com's FREE daily email newsletter.