Juniper Networks, Inc. (NYSE:JNPR) to Post Q3 2024 Earnings of $0.37 Per Share, Zacks Research Forecasts

Juniper Networks, Inc. (NYSE:JNPR) – Research analysts at Zacks Research dropped their Q3 2024 earnings per share estimates for shares of Juniper Networks in a research note issued to investors on Monday, April 22nd. Zacks Research analyst A. Chatterjee now forecasts that the network equipment provider will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.38. The consensus estimate for Juniper Networks’ current full-year earnings is $1.37 per share. Zacks Research also issued estimates for Juniper Networks’ FY2024 earnings at $1.35 EPS and FY2025 earnings at $1.37 EPS.

JNPR has been the topic of several other research reports. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (up previously from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Morgan Stanley upgraded Juniper Networks from an “underweight” rating to an “equal weight” rating and set a $40.00 price target on the stock in a research note on Thursday, January 11th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Finally, StockNews.com began coverage on Juniper Networks in a research note on Wednesday, April 17th. They issued a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Juniper Networks has an average rating of “Hold” and an average target price of $34.27.

Juniper Networks Stock Down 0.6 %

JNPR stock opened at $35.90 on Tuesday. Juniper Networks has a fifty-two week low of $24.87 and a fifty-two week high of $38.04. The business’s 50 day moving average price is $36.91 and its two-hundred day moving average price is $32.70. 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 company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 7.38 and a beta of 0.98.

Juniper Networks (NYSE:JNPR) last released its quarterly earnings results on Tuesday, January 30th. The network equipment provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.41 billion. Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Juniper Networks in the fourth quarter valued at approximately $136,778,000. Pacer Advisors Inc. boosted its holdings in shares of Juniper Networks by 11,418.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,829,071 shares of the network equipment provider’s stock valued at $83,401,000 after purchasing an additional 2,804,509 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Juniper Networks by 276.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,257,447 shares of the network equipment provider’s stock valued at $34,944,000 after purchasing an additional 923,680 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Juniper Networks in the third quarter valued at approximately $20,615,000. Finally, Bank of Nova Scotia boosted its holdings in shares of Juniper Networks by 487.6% in the third quarter. Bank of Nova Scotia now owns 845,795 shares of the network equipment provider’s stock valued at $23,505,000 after purchasing an additional 701,856 shares during the period. Institutional investors own 91.95% of the company’s stock.

Insider Activity

In other news, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total value of $206,127.60. Following the sale, the chief executive officer now directly owns 829,406 shares of the company’s stock, valued at $30,770,962.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Manoj Leelanivas sold 98,530 shares of Juniper Networks stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.00, for a total value of $3,645,610.00. Following the sale, the chief operating officer now directly owns 73,684 shares of the company’s stock, valued at $2,726,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rami Rahim sold 5,556 shares of Juniper Networks stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total value of $206,127.60. Following the completion of the sale, the chief executive officer now directly owns 829,406 shares in the company, valued at $30,770,962.60. The disclosure for this sale can be found here. Insiders have sold 216,302 shares of company stock worth $8,005,602 over the last ninety days. Corporate insiders own 1.29% of the company’s stock.

Juniper Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a $0.22 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. Juniper Networks’s payout ratio is 92.63%.

Juniper Networks Company Profile

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.