Brokers Offer Predictions for Juniper Networks, Inc.’s Q2 2024 Earnings (NYSE:JNPR)
Juniper Networks, Inc. (NYSE:JNPR – Free Report) – Equities researchers at Zacks Research cut their Q2 2024 earnings estimates for Juniper Networks in a research note issued to investors on Tuesday, February 20th. Zacks Research analyst A. Chatterjee now expects that the network equipment provider will post earnings of $0.34 per share for the quarter, down from their prior estimate of $0.36. The consensus estimate for Juniper Networks’ current full-year earnings is $1.41 per share. Zacks Research also issued estimates for Juniper Networks’ FY2026 earnings at $1.64 EPS.
Juniper Networks (NYSE:JNPR – Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.41 billion. Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%.
Several other brokerages have also weighed in on JNPR. Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Barclays restated an “equal weight” rating on shares of Juniper Networks in a research report on Wednesday, January 10th. Rosenblatt Securities upped their target price on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. KeyCorp reissued a “sector weight” rating on shares of Juniper Networks in a report on Thursday, January 11th. Finally, UBS Group decreased their price objective on Juniper Networks from $34.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Juniper Networks has a consensus rating of “Hold” and an average price target of $34.58.
Read Our Latest Analysis on JNPR
Juniper Networks Trading Up 0.2 %
Shares of Juniper Networks stock opened at $36.99 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. The business has a fifty day simple moving average of $34.41 and a two-hundred day simple moving average of $29.96. Juniper Networks has a 1 year low of $24.87 and a 1 year high of $38.04. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 7.33 and a beta of 0.99.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Juniper Networks in the 4th quarter valued at approximately $136,778,000. Pacer Advisors Inc. boosted its position in 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 buying an additional 2,804,509 shares in the last quarter. BlackRock Inc. grew its stake in shares of Juniper Networks by 8.8% during the first quarter. BlackRock Inc. now owns 34,426,578 shares of the network equipment provider’s stock worth $1,184,963,000 after buying an additional 2,776,885 shares during the last quarter. State Street Corp increased its holdings in shares of Juniper Networks by 10.9% during the second quarter. State Street Corp now owns 16,412,994 shares of the network equipment provider’s stock worth $514,219,000 after buying an additional 1,613,651 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of Juniper Networks by 227.6% in the 4th quarter. Man Group plc now owns 1,718,992 shares of the network equipment provider’s stock valued at $54,939,000 after acquiring an additional 1,194,259 shares during the last quarter. Institutional investors own 87.79% of the company’s stock.
Insider Activity at Juniper Networks
In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the sale, the chief operating officer now directly owns 73,684 shares in the company, valued at $2,726,308. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Juniper Networks news, COO Manoj Leelanivas sold 98,530 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.00, for a total transaction of $3,645,610.00. Following the completion of the transaction, the chief operating officer now directly owns 73,684 shares in the company, valued at $2,726,308. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 5,556 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 829,406 shares in the company, valued at approximately $30,770,962.60. The disclosure for this sale can be found here. Insiders sold a total of 138,262 shares of company stock valued at $4,931,785 over the last quarter. 1.29% of the stock is owned by corporate insiders.
Juniper Networks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, February 29th. Juniper Networks’s dividend payout ratio (DPR) is presently 92.63%.
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.
Further Reading
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