Juniper Networks (JNPR) Scheduled to Post Earnings on Thursday

Juniper Networks (NYSE:JNPR) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect Juniper Networks to post 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 posted its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Juniper Networks had a return on equity of 11.72% and a net margin of 5.57%. The business had revenue of $1.36 billion during 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 Price Performance

Shares of NYSE:JNPR opened at $36.12 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.80. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 7.38 and a beta of 0.98. The firm has a fifty day moving average price of $36.93 and a 200 day moving average price of $32.63. Juniper Networks has a fifty-two week low of $24.87 and a fifty-two week high of $38.04.

Juniper Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, February 29th. Juniper Networks’s dividend payout ratio is presently 92.63%.

Analysts Set New Price Targets

JNPR has been the topic of a number of recent research reports. Rosenblatt Securities upped their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 price objective (up previously from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Barclays reissued an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Finally, Morgan Stanley raised Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 target price on the stock 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 company’s stock. According to data from MarketBeat, Juniper Networks presently has an average rating of “Hold” and an average target price of $34.27.

Insider Activity

In other news, SVP Robert Mobassaly sold 5,173 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $36.78, for a total value of $190,262.94. Following the transaction, the senior vice president now directly owns 36,061 shares of the company’s stock, valued at $1,326,323.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rami Rahim sold 5,556 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $37.10, for a total value of $206,127.60. Following the sale, the chief executive officer now owns 829,406 shares of the company’s stock, valued at approximately $30,770,962.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,302 shares of company stock worth $8,005,602. Corporate insiders own 1.29% of the company’s stock.

About Juniper Networks

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.