JNPR must be buying back at ~16 and hopefully will hold the price. Last Q they bought 13.9 million shares at 18/shr. Should be a real bargain here and they have over 800 million in their approved buyback. Will improve the EPS and make it a more attractive acquisition. I think they blew their guidance, with a beat on top and bottom line. Knowing the MMs manipulate this stock they played right into their hands. Makes little sense to have a 10% sell off in one day with the beat and a forecast just under the analyst estimates.
Watch next Q, they will beat again and should have guided in line. They need to do a better job of looking out for shareholders; this stock has been pathetic for over a year.
Pretty stable at $16, but I don't think Juniper is buying yet. My understanding was that they really only buy at the same time that execs are outside of their trading lockout window. As I understand it, the exec trading window doesn't open until tomorrow (a full day after results).
Don't know that level of detail but someone was sure buying at this level yesterday and so far today. Based on their comments, if 18 was a good opportunity and they purchased 13.9M, then they should be loading up at 16 and I'm certain they are...they should purchase all they can at these levels. One would expect them to "do more" than last Q. They have the cash and authorization.
"We repurchased 13.9 million shares for $250 million at an average price of $18. We have $818 million remaining on our current authorization, and we will calibrate our buybacks in future quarters with market conditions at the time. Based on current trends, we clearly recognize the opportunity to continue to do more."