Juniper Networks (NYSE:JNPR) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Juniper Networks (NYSE:JNPR) posted its quarterly earnings results on Thursday. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13), Briefing.com reports. Juniper Networks had a return on equity of 8.05% and a net margin of 4.58%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The business’s quarterly revenue was down 16.8% compared to the same quarter last year.

Juniper Networks Price Performance

JNPR traded down $0.24 on Friday, hitting $37.25. 2,436,236 shares of the company’s stock were exchanged, compared to its average volume of 1,808,781. The firm has a 50-day moving average price of $35.99 and a 200-day moving average price of $36.36. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 53.99, a P/E/G ratio of 9.70 and a beta of 0.95. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. 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 disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 2nd will be issued a $0.22 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.36%. Juniper Networks’s payout ratio is currently 127.54%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday. StockNews.com initiated coverage on Juniper Networks in a report on Monday, July 22nd. They issued a “hold” rating for the company. Argus raised Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, June 18th. Finally, Barclays decreased their price target on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Juniper Networks currently has an average rating of “Hold” and a consensus target price of $35.27.

Insider Transactions at Juniper Networks

In related news, CFO Kenneth Bradley Miller sold 28,669 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $36.53, for a total transaction of $1,047,278.57. Following the completion of the sale, the chief financial officer now owns 56,107 shares of the company’s stock, valued at approximately $2,049,588.71. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Juniper Networks news, CFO Kenneth Bradley Miller sold 28,669 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $36.53, for a total transaction of $1,047,278.57. Following the transaction, the chief financial officer now owns 56,107 shares of the company’s stock, valued at $2,049,588.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rami Rahim sold 5,555 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $34.86, for a total value of $193,647.30. Following the completion of the sale, the chief executive officer now owns 986,764 shares of the company’s stock, valued at $34,398,593.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,889 shares of company stock valued at $5,243,973. Corporate insiders own 1.28% of the company’s stock.

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.