Juniper Networks, Inc. (JNPR) To Go Ex-Dividend on June 3rd

Juniper Networks, Inc. (NYSE:JNPR) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.22 per share by the network equipment provider on Monday, June 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, June 3rd.

Juniper Networks has increased its dividend by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 2 years. Juniper Networks has a payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Juniper Networks to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 58.3%.

Juniper Networks Trading Down 0.7 %

JNPR traded down $0.24 on Friday, hitting $34.71. The company had a trading volume of 4,677,184 shares, compared to its average volume of 3,295,185. The firm has a market cap of $11.28 billion, a P/E ratio of 50.31, a PEG ratio of 7.29 and a beta of 0.98. Juniper Networks has a 1 year low of $24.87 and a 1 year high of $38.04. The company’s fifty day moving average price is $36.79 and its 200 day moving average price is $32.78. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Juniper Networks had a net margin of 4.19% and a return on equity of 10.07%. As a group, equities analysts expect that Juniper Networks will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JNPR shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 target price (up from $35.00) on shares of Juniper Networks in a research report on Thursday, January 11th. Rosenblatt Securities boosted their price objective on Juniper Networks from $31.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. StockNews.com initiated coverage on Juniper Networks in a research report on Thursday. They set a “hold” rating for the company. Barclays boosted their price objective on Juniper Networks from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Juniper Networks presently has an average rating of “Hold” and a consensus target price of $34.55.

Insider Buying and Selling

In related news, CEO Rami Rahim sold 5,556 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $37.10, for a total transaction of $206,127.60. Following the transaction, the chief executive officer now owns 829,406 shares of the company’s stock, valued at $30,770,962.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the sale, the senior vice president now owns 36,061 shares of the company’s stock, valued at $1,326,323.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rami Rahim sold 5,556 shares of the company’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 have sold 216,302 shares of company stock valued at $8,005,602 over the last quarter. Company insiders own 1.29% of the company’s stock.

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; wide-area network SDN controllers; and session smart routers.