Juniper Networks, Inc. (NYSE:JNPR) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, JNPR is expected to report 3Q20 income of $ 0.43 per share from revenue of $ 1122.46 million.
For the full year, analysts anticipate top line of $ 4391.94 million, while looking forward to income of $ 1.54 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.38 ~ $ 0.48 per share, while revenues are expected in a range of $ 1,075.00 million ~ $ 1,175.00 million
Click Here For More Historical Outlooks Of Juniper Networks, Inc.
Previous Quarter Performance
Juniper Networks, Inc. unveiled income for the second quarter of $ 0.35 per share, from the revenue of $ 1,086.00 million. The quarterly earnings contracted 12.50 percent while revenues contracted 1.50 percent compared with the same quarter last year.
Street analysts expected Juniper Networks, Inc. to report income of $ 0.34 per share on revenue of $ 1054.76 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 2.94 percent, at the same time, top line results outshined analysts by $ 31.24 million or 2.96 percent.
Stock Performance
Shares of Juniper Networks, Inc. traded low $ -0.13 or -0.58 percent on Friday, reaching $ 22.29 with volume of 3.00 million shares. Juniper Networks, Inc. has traded high as $ 22.55 and has cracked $ 22.16 on the downward trend
According to the previous trading day, closing price of $ 22.29, representing a 47.50 % increase from the 52 week low of $ 15.20 and a 15.36 % decrease over the 52 week high of $ 26.49.
The company has a market capital of $ 7.39 billion and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 11th September 2020, maintained by Raymond James at Outperform rating, with $ 28.00 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 22, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Juniper Networks, Inc. will be hosting a conference call at 5:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.juniper.net
Juniper Networks, Inc. designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
