Juniper Networks, Inc. (NYSE:JNPR) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.42-0.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47, Market Beat.com reports. The company issued revenue guidance of $1.15-1.19 billion, compared to the consensus revenue estimate of $1.19 billion.

Several research analysts have weighed in on JNPR shares. William Blair reissued a buy rating on shares of Juniper Networks in a report on Friday, October 23rd. MKM Partners reissued a hold rating on shares of Juniper Networks in a report on Friday, October 23rd. Nomura reissued a hold rating and set a $32.00 price objective on shares of Juniper Networks in a report on Sunday, October 25th. Stifel Nicolaus lowered shares of Juniper Networks from a buy rating to a hold rating and raised their price objective for the stock from $18.81 to $31.49 in a report on Monday, October 26th. Finally, Vetr lowered shares of Juniper Networks from a hold rating to a sell rating and set a $30.33 price objective for the company. in a report on Monday, October 26th. Fourteen investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $31.01.

Juniper Networks, Inc. (NYSE:JNPR) opened at 22.46 on Friday. The stock’s market capitalization is $8.67 billion. The stock has a 50 day moving average of $27.03 and a 200 day moving average of $27.86. Juniper Networks, Inc. has a 52-week low of $21.95 and a 52-week high of $32.39.

Juniper Networks (NYSE:JNPR) last posted its earnings results on Wednesday, January 27th. The network equipment provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The firm earned $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities research analysts forecast that Juniper Networks, Inc. will post $2.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 22nd. Stockholders of record on Tuesday, March 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, February 26th.

In other Juniper Networks news, EVP Jonathan Davidson sold 3,487 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $32.00, for a total transaction of $111,584.00. Following the sale, the executive vice president now owns 54,870 shares of the company’s stock, valued at approximately $1,755,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Pradeep Sindhu sold 40,800 shares of the stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $30.65, for a total transaction of $1,250,520.00. Following the sale, the executive vice president now directly owns 1,805,900 shares in the company, valued at approximately $55,350,835. The disclosure for this sale can be found here.

Juniper Networks, Inc. designs, develops, and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in more than 100 countries in three geographic regions: Americas; Europe, Middle East, and Africa (NYSE:JNPR), and Asia Pacific (APAC). The Company sells its network products and service offerings across routing, switching and security. In addition to its products, the Company offers its customers worldwide services, including technical support, professional services, education and training programs. The Company’s routing products include ACX Series, MX Series, M Series, PTX Series and T Series. Its switching products include EX Series and QFX Series. The Company’s security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch. Its Junos Platform includes a range of products, such as Junos OS, Junos Space and Contrail.

12 Month Chart for NYSE:JNPR

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