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Juniper Networks, Inc. (NYSE:JNPR) – Analysts at Piper Sandler lifted their Q1 2022 earnings per share estimates for Juniper Networks in a report issued on Tuesday, February sixteenth. Piper Sandler analyst J. Fish now forecasts that the community machine provider will earn $0.15 per share for the quarter, up from their outdated forecast of $0.14. Piper Sandler additionally issued estimates for Juniper Networks’ Q3 2022 earnings at $0.39 EPS, this autumn 2022 income at $0.51 EPS, FY2022 salary at $1.34 EPS and FY2023 income at $1.40 EPS.
Juniper Networks (NYSE:JNPR) closing launched its quarterly income outcomes on Thursday, January twenty eighth. The network gadget company stated $0.55 income per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.fifty three by using $0.02. The company had profits of $1.22 billion for the quarter, in comparison to analyst estimates of $1.19 billion. Juniper Networks had a internet margin of 8.ninety two% and a return on equity of eight.30%. The business’s profits for the quarter became up 1.2% on a yr-over-12 months basis. right through the equal length in the outdated year, the enterprise earned $0.58 revenue per share.
JNPR has been the subject matter of a few different reports. Zacks funding research raised shares of Juniper Networks from a “amazing sell” score to a “hang” rating and set a $24.00 price purpose on the stock in a file on Tuesday, December twenty ninth. JPMorgan Chase & Co. decreased shares of Juniper Networks from an “obese” ranking to a “impartial” score and set a $25.00 rate objective on the inventory. in a report on Friday, December 11th. Needham & business LLC reaffirmed a “purchase” rating and issued a $28.00 rate goal on shares of Juniper Networks in a file on Tuesday. Raymond James upped their cost goal on shares of Juniper Networks from $26.00 to $28.00 and gave the business an “outperform” rating in a document on Friday, January twenty ninth. ultimately, Rosenblatt Securities upped their fee target on shares of Juniper Networks from $25.00 to $27.00 and gave the business a “neutral” score in a record on Monday, January twenty fifth. Three equities research analysts have rated the inventory with a promote ranking, seven have issued a cling ranking and seven have assigned a buy rating to the stock. The inventory has a consensus rating of “hang” and an average price target of $24.sixty eight.
Shares of JNPR opened at $24.04 on Thursday. The company has a market capitalization of $7.ninety three billion, a PE ratio of 20.seventy two, a value-to-profits-growth ratio of 4.eighty three and a beta of 0.90. The business has a debt-to-equity ratio of 0.38, a existing ratio of 2.02 and a brief ratio of 2.02. Juniper Networks has a 1-yr low of $15.20 and a 1-year excessive of $27.83. The business’s fifty day relocating common cost is $24.46 and its 200-day moving common price is $23.05.
The company also these days declared a quarterly dividend, which will be paid on Monday, March 22nd. buyers of checklist on Monday, March 1st should be given a dividend of $0.20 per share. The ex-dividend date is Friday, February twenty sixth. This represents a $0.eighty annualized dividend and a dividend yield of 3.33%. Juniper Networks’s dividend payout ratio (DPR) is at the moment 66.12%.
In connected news, Director William Stensrud sold 10,000 shares of the company’s stock in a transaction dated Monday, February 8th. The shares have been bought at an ordinary price of $24.seventy five, for a complete transaction of $247,500.00. 1.20% of the stock is owned by corporate insiders.
a couple of hedge funds and different institutional buyers have currently made adjustments to their positions in the stock. BlackRock Inc. grew its stake in Juniper Networks through four.three% all over the 4th quarter. BlackRock Inc. now owns 29,492,290 shares of the community machine company’s inventory valued at $663,871,000 after buying an additional 1,216,161 shares in the last quarter. First trust Advisors LP grew its stake in shares of Juniper Networks by using 38.8% within the 4th quarter. First trust Advisors LP now owns 12,822,378 shares of the community equipment provider’s inventory valued at $288,632,000 after purchasing an additional 3,585,412 shares all the way through the period. Acadian Asset administration LLC grew its stake in shares of Juniper Networks by using 39.9% in the 3rd quarter. Acadian Asset management LLC now owns 6,686,224 shares of the network gadget issuer’s inventory valued at $143,751,000 after buying an additional 1,905,880 shares all over the length. LSV Asset management grew its stake in shares of Juniper Networks by means of forty five.7% within the third quarter. LSV Asset administration now owns 6,633,049 shares of the network gadget company’s inventory valued at $142,610,000 after buying an further 2,080,792 shares all through the duration. eventually, Wells Fargo & business MN grew its stake in shares of Juniper Networks by way of 6.9% in the 4th quarter. Wells Fargo & company MN now owns 6,460,399 shares of the network machine company’s stock valued at $a hundred forty five,424,000 after purchasing an extra 414,746 shares all the way through the length. 89.30% of the inventory is owned via institutional traders.
About Juniper Networks
Juniper Networks, Inc designs, develops, and sells community products and features global. The enterprise offers routing items, similar to ACX sequence ordinary entry routers to deploy high-bandwidth services; MX series Ethernet routers that characteristic as a prevalent facet platform; PTX series packet transport routers; and NorthStar controllers.
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