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JNPR

Juniper Networks NYSE:JNPR Stock Report

Last Price

US$26.68

Market Cap

US$8.6b

7D

1.2%

1Y

-5.9%

Updated

28 Sep, 2022

Data

Company Financials +
JNPR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends2/6

JNPR Stock Overview

Juniper Networks, Inc. designs, develops, and sells network products and services worldwide.

Juniper Networks Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Juniper Networks
Historical stock prices
Current Share PriceUS$26.68
52 Week HighUS$38.14
52 Week LowUS$25.73
Beta0.86
1 Month Change-9.16%
3 Month Change-6.39%
1 Year Change-5.92%
3 Year Change14.70%
5 Year Change-7.01%
Change since IPO61.90%

Recent News & Updates

Aug 25

Juniper Networks gains on vague takeover speculation

Juniper Networks (NYSE:JNPR) rose 2.9% on some vague takeover speculation. Gordon Haskett speculated in a note that its possible that Juniper CEO Rami Rahim is getting restless as potentially evidenced by his decision to take his first outside board seat.  In addition Rahim, who has been the CEO since the end of 2014, appeared to promote a successor 13 months ago. Recall last July JNPR named Manoj Leelanivas as its chief operating officer. Juniper may potentially be viewed as a strategic takeover target, especially if it appears its CEO may be headed out the exit door, the note suggested. TO BE CLEAR: The Thursday report doesn't say that suitors may be looking at Juniper (JNPR) as what appears to have been circulated on social media. In addition the company announced on Thursday that Rahim is scheduled to present at the Citi Global Technology Conference on Sept. 7. Recall there was some vague speculation last August about potential activist interest in Juniper (JNPR).

Aug 24
Juniper Networks (NYSE:JNPR) Has Announced A Dividend Of $0.21

Juniper Networks (NYSE:JNPR) Has Announced A Dividend Of $0.21

The board of Juniper Networks, Inc. ( NYSE:JNPR ) has announced that it will pay a dividend of $0.21 per share on the...

Shareholder Returns

JNPRUS CommunicationsUS Market
7D1.2%-0.01%-2.0%
1Y-5.9%-18.6%-20.3%

Return vs Industry: JNPR exceeded the US Communications industry which returned -20.7% over the past year.

Return vs Market: JNPR exceeded the US Market which returned -22.1% over the past year.

Price Volatility

Is JNPR's price volatile compared to industry and market?
JNPR volatility
JNPR Average Weekly Movement3.9%
Communications Industry Average Movement7.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: JNPR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JNPR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199610,191Rami Rahimhttps://www.juniper.net

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. It also provides switching products, including EX series Ethernet switches to address the access, aggregation, and core layer switching requirements of micro branch, branch office, and campus environments; QFX series of core, spine, and top-of-rack data center switches; and juniper access points, which provide Wi-Fi access and performance.

Juniper Networks Fundamentals Summary

How do Juniper Networks's earnings and revenue compare to its market cap?
JNPR fundamental statistics
Market CapUS$8.61b
Earnings (TTM)US$390.90m
Revenue (TTM)US$4.93b

22.0x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JNPR income statement (TTM)
RevenueUS$4.93b
Cost of RevenueUS$2.14b
Gross ProfitUS$2.79b
Other ExpensesUS$2.40b
EarningsUS$390.90m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 25, 2022

Earnings per share (EPS)1.21
Gross Margin56.55%
Net Profit Margin7.93%
Debt/Equity Ratio39.7%

How did JNPR perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

68%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JNPR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JNPR?

Other financial metrics that can be useful for relative valuation.

JNPR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA13.7x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does JNPR's PE Ratio compare to its peers?

JNPR PE Ratio vs Peers
The above table shows the PE ratio for JNPR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.3x
25.8x23.1%US$8.9b
CIEN Ciena
31.4x59.6%US$6.2b
LITE Lumentum Holdings
24.3x11.9%US$4.8b
UI Ubiquiti
47.7x20.1%US$18.1b
JNPR Juniper Networks
22x10.7%US$8.6b

Price-To-Earnings vs Peers: JNPR is good value based on its Price-To-Earnings Ratio (22x) compared to the peer average (32.3x).


Price to Earnings Ratio vs Industry

How does JNPR's PE Ratio compare vs other companies in the US Communications Industry?

Price-To-Earnings vs Industry: JNPR is good value based on its Price-To-Earnings Ratio (22x) compared to the US Communications industry average (22.9x)


Price to Earnings Ratio vs Fair Ratio

What is JNPR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JNPR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: JNPR is expensive based on its Price-To-Earnings Ratio (22x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).


Share Price vs Fair Value

What is the Fair Price of JNPR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JNPR ($26.68) is trading below our estimate of fair value ($52.98)

Significantly Below Fair Value: JNPR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Juniper Networks forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JNPR's forecast earnings growth (10.7% per year) is above the savings rate (1.9%).

Earnings vs Market: JNPR's earnings (10.7% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: JNPR's earnings are forecast to grow, but not significantly.

Revenue vs Market: JNPR's revenue (4.7% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: JNPR's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JNPR's Return on Equity is forecast to be low in 3 years time (15.7%).


Discover growth companies

Past Performance

How has Juniper Networks performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JNPR has high quality earnings.

Growing Profit Margin: JNPR's current net profit margins (7.9%) are higher than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: JNPR's earnings have declined by 12.1% per year over the past 5 years.

Accelerating Growth: JNPR's earnings growth over the past year (88.7%) exceeds its 5-year average (-12.1% per year).

Earnings vs Industry: JNPR earnings growth over the past year (88.7%) exceeded the Communications industry 11.6%.


Return on Equity

High ROE: JNPR's Return on Equity (9.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Juniper Networks's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: JNPR's short term assets ($3.1B) exceed its short term liabilities ($1.9B).

Long Term Liabilities: JNPR's short term assets ($3.1B) exceed its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: JNPR's net debt to equity ratio (15.8%) is considered satisfactory.

Reducing Debt: JNPR's debt to equity ratio has reduced from 42% to 39.7% over the past 5 years.

Debt Coverage: JNPR's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: JNPR's interest payments on its debt are well covered by EBIT (12.4x coverage).


Balance Sheet


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Dividend

What is Juniper Networks's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.15%

Current Dividend Yield

Dividend Yield vs Market

Juniper Networks Dividend Yield vs Market
How does Juniper Networks dividend yield compare to the market?
SegmentDividend Yield
Company (Juniper Networks)3.1%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Communications)3.6%
Analyst forecast in 3 Years (Juniper Networks)3.3%

Notable Dividend: JNPR's dividend (3.15%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: JNPR's dividend (3.15%) is low compared to the top 25% of dividend payers in the US market (4.69%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JNPR has been paying a dividend for less than 10 years.

Growing Dividend: JNPR's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (67.6%), JNPR's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (384.4%), JNPR's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Rami Rahim (51 yo)

7.83yrs

Tenure

US$11,870,290

Compensation

Mr. Rami Rahim serves as Director of Autodesk, Inc. since August 2022. He has been the Chief Executive Officer of Juniper Networks, Inc. since November 2014. Mr. Rahim served as an Executive Vice President...


CEO Compensation Analysis

Rami Rahim's Compensation vs Juniper Networks Earnings
How has Rami Rahim's remuneration changed compared to Juniper Networks's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$391m

Mar 31 2022n/an/a

US$340m

Dec 31 2021US$12mUS$1m

US$253m

Sep 30 2021n/an/a

US$151m

Jun 30 2021n/an/a

US$207m

Mar 31 2021n/an/a

US$206m

Dec 31 2020US$11mUS$1m

US$258m

Sep 30 2020n/an/a

US$395m

Jun 30 2020n/an/a

US$349m

Mar 31 2020n/an/a

US$334m

Dec 31 2019US$11mUS$1m

US$345m

Sep 30 2019n/an/a

US$369m

Jun 30 2019n/an/a

US$493m

Mar 31 2019n/an/a

US$564m

Dec 31 2018US$10mUS$1m

US$567m

Sep 30 2018n/an/a

US$227m

Jun 30 2018n/an/a

US$169m

Mar 31 2018n/an/a

US$232m

Dec 31 2017US$9mUS$1m

US$306m

Sep 30 2017n/an/a

US$643m

Jun 30 2017n/an/a

US$650m

Mar 31 2017n/an/a

US$610m

Dec 31 2016US$8mUS$1m

US$593m

Sep 30 2016n/an/a

US$602m

Jun 30 2016n/an/a

US$627m

Mar 31 2016n/an/a

US$645m

Dec 31 2015US$9mUS$1m

US$634m

Compensation vs Market: Rami's total compensation ($USD11.87M) is above average for companies of similar size in the US market ($USD8.63M).

Compensation vs Earnings: Rami's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: JNPR's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: JNPR's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:JNPR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 May 22SellUS$266,040Manoj LeelanivasIndividual8,274US$32.15
04 May 22SellUS$325,908Kevin DeNuccioIndividual10,000US$32.59
04 Feb 22SellUS$353,920William StensrudIndividual10,000US$35.39
05 Nov 21SellUS$625,912William StensrudIndividual20,000US$31.30

Ownership Breakdown

What is the ownership structure of JNPR?
Owner TypeNumber of SharesOwnership Percentage
State or Government166,2210.05%
Individual Insiders4,250,3171.3%
General Public12,310,5333.8%
Institutions305,882,39394.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 67.6% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.63%
Dodge & Cox
40,734,258$1.1b-5.39%0.63%
11.93%
The Vanguard Group, Inc.
38,486,626$1.0b1.78%0.02%
10.35%
BlackRock, Inc.
33,395,223$891.0m-1.35%0.02%
4.48%
State Street Global Advisors, Inc.
14,467,956$386.0m-2.12%0.02%
3.34%
First Trust Advisors LP
10,778,413$287.6m-3.98%0.33%
2.24%
Geode Capital Management, LLC
7,220,095$192.6m11.12%0.02%
2.02%
Legal & General Investment Management Limited
6,527,273$174.1m0.39%0.05%
1.84%
Acadian Asset Management LLC
5,939,924$158.5m-1.37%0.61%
1.83%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
5,896,836$157.3m-33.57%0.05%
1.64%
BNY Mellon Asset Management
5,285,870$141.0m0.15%0.03%
1.45%
Dimensional Fund Advisors LP
4,670,979$124.6m-2.19%0.03%
1.31%
Whale Rock Capital Management LLC
4,241,384$113.2m-28.92%3.51%
1.24%
Allspring Global Investments, LLC
3,996,404$106.6m-1.5%0.16%
1.19%
UBS Asset Management
3,843,233$102.5m-1.17%0.02%
1.15%
Fidelity International Ltd
3,702,783$98.8m-31.02%0.05%
1.1%
Northern Trust Global Investments
3,537,250$94.4m-2.72%0.02%
1.06%
Invesco Capital Management LLC
3,406,955$90.9m7.26%0.07%
1.02%
Norges Bank Investment Management
3,277,293$87.4m0%0.01%
0.91%
GO ETF Solutions LLP
2,935,980$78.3m0%1.11%
0.86%
Eaton Vance Management
2,782,282$74.2m0.04%0.03%
0.85%
Millennium Management LLC
2,736,231$73.0m464.14%0.1%
0.81%
Charles Schwab Investment Management, Inc.
2,619,418$69.9m-0.32%0.02%
0.8%
Goldman Sachs Asset Management, L.P.
2,585,156$69.0m23.31%0.03%
0.79%
Jacobs Levy Equity Management Inc
2,540,241$67.8m-4.64%0.53%
0.76%
Janus Henderson Group plc
2,463,732$65.7m6403.7%0.04%

Company Information

Juniper Networks, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Juniper Networks, Inc.
  • Ticker: JNPR
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: US$8.607b
  • Shares outstanding: 322.61m
  • Website: https://www.juniper.net

Number of Employees


Location

  • Juniper Networks, Inc.
  • 1133 Innovation Way
  • Sunnyvale
  • California
  • 94089
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JNPRNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1999
JNPDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1999
JNPXTRA (XETRA Trading Platform)YesCommon StockDEEURJun 1999
0JPHLSE (London Stock Exchange)YesCommon StockGBUSDJun 1999
JNPR-UETLX (Eurotlx)YesCommon StockITEURJun 1999
J1NP34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REPR 1 SHS UNSPONBRBRLJan 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.