Q2 2023 EPS Estimates for Juniper Networks, Inc. (NYSE:JNPR) Boosted by Analyst

Juniper Networks, Inc. (NYSE:JNPR – Get Rating) – Equities researchers at Zacks Research lifted their Q2 2023 earnings per share (EPS) estimates for shares of Juniper Networks in a research note issued on Monday, May 22nd. Zacks Research analyst A. Chatterjee now anticipates that the network equipment provider will post earnings per share of $0.38 for the quarter, up from their previous forecast of $0.37. The consensus estimate for Juniper Networks’ current full-year earnings is $1.70 per share. Zacks Research also issued estimates for Juniper Networks’ Q3 2023 earnings at $0.39 EPS, Q4 2023 earnings at $0.51 EPS, FY2023 earnings at $1.60 EPS, Q1 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.36 EPS, FY2024 earnings at $1.53 EPS, Q1 2025 earnings at $0.22 EPS and FY2025 earnings at $1.52 EPS.

Several other analysts have also recently commented on JNPR. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price target on shares of Juniper Networks in a report on Tuesday, February 21st. Barclays lifted their price objective on Juniper Networks from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st. The Goldman Sachs Group began coverage on Juniper Networks in a report on Monday, March 6th. They set a “buy” rating for the company. Citigroup lifted their price objective on Juniper Networks from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Finally, StockNews.com began coverage on Juniper Networks in a report on Thursday, May 18th. They set a “buy” rating for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.87.

Juniper Networks Stock Up 1.7 %

JNPR opened at $29.73 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.76 and a quick ratio of 1.40. The business has a 50 day simple moving average of $31.32 and a 200-day simple moving average of $31.46. The stock has a market capitalization of $9.56 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.36 and a beta of 0.95. Juniper Networks has a 12 month low of $25.18 and a 12 month high of $34.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Juniper Networks by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,335 shares of the network equipment provider’s stock valued at $522,000 after acquiring an additional 315 shares during the last quarter. Capital Impact Advisors LLC lifted its stake in shares of Juniper Networks by 4.2% during the fourth quarter. Capital Impact Advisors LLC now owns 7,961 shares of the network equipment provider’s stock worth $254,000 after purchasing an additional 318 shares in the last quarter. Pathstone Family Office LLC lifted its stake in shares of Juniper Networks by 1.5% during the fourth quarter. Pathstone Family Office LLC now owns 22,779 shares of the network equipment provider’s stock worth $728,000 after purchasing an additional 340 shares in the last quarter. Veriti Management LLC lifted its stake in shares of Juniper Networks by 2.5% during the fourth quarter. Veriti Management LLC now owns 14,690 shares of the network equipment provider’s stock worth $469,000 after purchasing an additional 353 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Juniper Networks by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 56,743 shares of the network equipment provider’s stock worth $1,814,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 89.22% of the company’s stock.

Insider Activity

In other news, Director Anne Delsanto sold 900 shares of Juniper Networks stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $30.75, for a total value of $27,675.00. Following the completion of the sale, the director now owns 26,636 shares of the company’s stock, valued at $819,057. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Rami Rahim sold 6,250 shares of Juniper Networks stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $29.14, for a total value of $182,125.00. Following the transaction, the chief executive officer now owns 931,496 shares in the company, valued at $27,143,793.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Delsanto sold 900 shares of Juniper Networks stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $30.75, for a total value of $27,675.00. Following the completion of the transaction, the director now owns 26,636 shares in the company, valued at approximately $819,057. The disclosure for this sale can be found here. Insiders sold a total of 27,700 shares of company stock valued at $847,251 over the last quarter. Company insiders own 1.29% of the company’s stock.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Wednesday, May 31st. Juniper Networks’s dividend payout ratio is currently 57.52%.

About Juniper Networks

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Juniper Networks, Inc engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial intelligence-enabled enterprise networking operations, and software-defined networking technologies.