Perhaps timely catching Juniper Networks Inc. (JNPR) would be a good idea

Juniper Networks Inc. (NYSE: JNPR) stock fell -0.96% on Friday to $27.71 against a previous-day closing price of $27.98. With 4.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.0 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $28.02 whereas the lowest price it dropped to was $27.53. The 52-week range on JNPR shows that it touched its highest point at $38.14 and its lowest point at $26.20 during that stretch. It currently has a 1-year price target of $33.06. With its current market cap of 8.85 billion, JNPR has annualized dividend of $0.84 while the current yield stands at 3.03%. Beta for the stock currently stands at 0.90.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JNPR was down-trending over the past week, with a drop of -1.28%, but this was down by -1.81% over a month. Three-month performance dropped to -14.05% while six-month performance fell -20.42%. The stock lost -1.07% in the past year, while it has lost -22.40% so far this year. A look at the trailing 12-month EPS for JNPR yields 1.18 with Next year EPS estimates of 2.22. For the next quarter, that number is 0.50. This implies an EPS growth rate of -0.90% for this year and 19.32% for next year. EPS is expected to grow by 14.49% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.00%.

Float and Shares Shorts:

At present, 321.80 million JNPR shares are outstanding with a float of 318.75 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.86 million, which was 3.98% higher than short shares on Jun 14, 2022. In addition to Mr. Rami Rahim as the firm’s CEO & Director, Mr. Kenneth Bradley Miller serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 96.35% of JNPR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.30% of JNPR, in contrast to 37.25% held by mutual funds. Shares owned by individuals account for 3.86%. As the largest shareholder in JNPR with 13.33% of the stake, Dodge & Cox holds 43,056,326 shares worth 43,056,326. A second-largest stockholder of JNPR, The Vanguard Group, Inc., holds 36,496,780 shares, controlling over 11.30% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in JNPR, holding 21,438,503 shares or 6.64% stake. With a 8.91% stake in JNPR, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 28,800,765 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.95% of JNPR stock, is the second-largest Mutual Fund holder. It holds 9,527,644 shares valued at 271.54 million. Vanguard 500 Index Fund holds 2.22% of the stake in JNPR, owning 7,155,062 shares worth 203.92 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, JNPR reported revenue of $1.27B and operating income of $108.30M. Over the past year, revenue came in at $4.93B while operating income stood at $440.30M. It generated $113.40M net income for the quarter, which came to $390.90M over the last twelve months. The EBITDA in the recently reported quarter was $118.20M and diluted EPS was $0.35. EBITDA for the full year was $651.70M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JNPR since 19 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With JNPR analysts setting a high price target of $42.00 and a low target of $26.00, the average target price over the next 12 months is $33.28. Based on these targets, JNPR could surge 51.57% to reach the target high and fall by -6.17% to reach the target low. Reaching the average price target will result in a growth of 20.1% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. JNPR will report FY 2022 earnings on 01/26/2023. Analysts have provided yearly estimates in a range of $1.91 being high and $1.78 being low. For JNPR, this leads to a yearly average estimate of $1.85. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Juniper Networks Inc. surprised analysts by -$0.03 when it reported $0.42 EPS against a consensus estimate of $0.45. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.52 and the low estimate is $0.49. The average estimate for the next quarter is thus $0.50.

Summary of Insider Activity:

Insiders traded JNPR stock several times over the past three months with 15 Buys and 14 Sells. In these transactions, 141,943 shares were bought while 88,295 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 71 over the past year. The total number of shares bought during that period was 1,169,318 while 852,307 shares were sold.

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