Hot Stock Buzz: Juniper Networks Inc. (NYSE: JNPR)

SUNNYVALE, Calif., June 27, 2019 – Shares of Juniper Networks Inc. (NYSE: JNPR) inclined 1.67% to $26.76. The stock grabbed the investor’s attention and traded 3.569M shares as compared to its average daily volume of 3.37M shares. The stock’s institutional ownership stands at 96.80%.

Juniper Networks Inc. (JNPR) reported first-quarter net income of $31.10M.

First Quarter 2019 Financial Performances:

Net revenues were $1,001.70M, a decrease of 7% year-over-year, and 15% sequentially. GAAP operating margin was 4.3%, a decrease from 5.1% in the first quarter of 2018, and a decrease from 16.7% in the fourth quarter of 2018. Non-GAAP operating margin was 11.2%, a decrease from 12.3% in the first quarter of 2018, and a decrease from 21.1% in the fourth quarter of 2018.

GAAP net income was $31.10M, a decrease of 10% year-over-year, and a decrease of 84% sequentially, resulting in diluted earnings per share of $0.09.

Non-GAAP net income was $92.70M, a decrease of 7% year-over-year and a decrease of 55% sequentially, resulting in non-GAAP diluted earnings per share of $0.26.

Balance Sheet and Other Financial Results:

Total cash, cash equivalents, and investments as of March 31, 2019 were $3,502.70M, contrast to $3,448.40M as of March 31, 2018, and $3,758.10M as of December 31, 2018.

Net cash flows offered by operations for the first quarter of 2019 was $159.40M, contrast to $271.10M in the first quarter of 2018, and $212.40M in the fourth quarter of 2018.

Capital expenditures were $27.90M, and depreciation and amortization expense was $51.00M during the first quarter of 2019.

JNPR has a market value of $9.26B while its EPS was booked as $1.61 in the last 12 months. The stock has 345.99M shares outstanding. In the profitability analysis, the company has gross profit margin of 59.20% while net profit margin was 12.30%. Beta value of the company was 0.94; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 3.00.

Raymond Young

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