Juniper Networks, Inc. (NYSE:JNPR) – Piper Sandler issued their FY2023 earnings per share estimates for Juniper Networks in a research report issued on Tuesday, October 27th. Piper Sandler analyst J. Fish forecasts that the network equipment provider will post earnings of $1.41 per share for the year.
A number of other research analysts have also recently commented on the stock. Rosenblatt Securities raised their price target on shares of Juniper Networks from $25.00 to $26.50 and gave the stock a “neutral” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Juniper Networks from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wolfe Research assumed coverage on shares of Juniper Networks in a research note on Friday, July 24th. They set a “peer perform” rating and a $25.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $27.00 price target on shares of Juniper Networks in a research note on Monday, July 20th. Finally, Barclays began coverage on shares of Juniper Networks in a research note on Monday. They set an “equal weight” rating and a $25.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Juniper Networks currently has an average rating of “Hold” and an average price target of $24.84.
Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, October 27th. The network equipment provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Juniper Networks had a net margin of 7.89% and a return on equity of 8.71%.
A number of hedge funds have recently bought and sold shares of JNPR. Banque Cantonale Vaudoise lifted its stake in shares of Juniper Networks by 68.1% in the third quarter. Banque Cantonale Vaudoise now owns 39,068 shares of the network equipment provider’s stock worth $840,000 after acquiring an additional 15,824 shares in the last quarter. Toronto Dominion Bank increased its holdings in Juniper Networks by 3.0% in the third quarter. Toronto Dominion Bank now owns 165,359 shares of the network equipment provider’s stock valued at $3,555,000 after buying an additional 4,790 shares during the last quarter. Keybank National Association OH bought a new stake in Juniper Networks in the third quarter valued at about $305,000. Dupont Capital Management Corp increased its holdings in Juniper Networks by 110.2% in the third quarter. Dupont Capital Management Corp now owns 50,660 shares of the network equipment provider’s stock valued at $1,089,000 after buying an additional 26,555 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Juniper Networks by 49.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 62,731 shares of the network equipment provider’s stock valued at $1,350,000 after buying an additional 20,886 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.
In other Juniper Networks news, CEO Rami Rahim sold 1,600 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $25.06, for a total transaction of $40,096.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Monday, November 30th. Juniper Networks’s dividend payout ratio (DPR) is presently 66.12%.
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; cloud customer premises equipment; and NorthStar controllers.
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