Juniper Networks (NYSE:JNPR – Get Free Report) released its quarterly earnings data on Thursday. The network equipment provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13), Briefing.com reports. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Juniper Networks had a net margin of 4.58% and a return on equity of 8.05%. Juniper Networks’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share.
Juniper Networks Stock Down 0.6 %
Shares of JNPR traded down $0.24 during midday trading on Friday, hitting $37.25. 2,436,236 shares of the company’s stock traded hands, compared to its average volume of 1,808,781. The company has a current ratio of 1.74, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 53.99, a price-to-earnings-growth ratio of 9.70 and a beta of 0.95. Juniper Networks has a 1 year low of $24.87 and a 1 year high of $38.04. The firm’s fifty day moving average is $35.99 and its 200-day moving average is $36.36.
Juniper Networks Dividend Announcement
The company also recently declared 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. This represents a $0.88 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, August 30th. Juniper Networks’s dividend payout ratio is currently 127.54%.
Insider Buying and Selling
Analyst Ratings Changes
Several brokerages recently issued reports on JNPR. StockNews.com initiated coverage on Juniper Networks in a research note on Monday, July 22nd. They issued a “hold” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Friday. Barclays decreased their price objective on Juniper Networks from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Argus raised shares of Juniper Networks from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, June 18th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus target price of $35.27.
View Our Latest Research Report on Juniper Networks
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.
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