JNPR - Juniper Networks, Inc.

NYSE - NYSE Delayed Price. Currency in USD
24.09
-0.29 (-1.19%)
At close: 4:02PM EDT

24.09 0.00 (0.00%)
After hours: 4:51PM EDT

Stock chart is not supported by your current browser
Previous Close24.38
Open24.25
Bid24.05 x 2200
Ask24.15 x 1100
Day's Range24.00 - 24.38
52 Week Range22.42 - 30.80
Volume2,245,440
Avg. Volume3,225,789
Market Cap8.331B
Beta (3Y Monthly)0.57
PE Ratio (TTM)17.13
EPS (TTM)1.41
Earnings DateOct 21, 2019 - Oct 25, 2019
Forward Dividend & Yield0.76 (3.12%)
Ex-Dividend Date2019-09-03
1y Target Est26.77
Trade prices are not sourced from all markets
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  • Thomson Reuters StreetEvents

    Edited Transcript of JNPR earnings conference call or presentation 25-Jul-19 9:00pm GMT

    Q2 2019 Juniper Networks Inc Earnings Call

  • Buy Cisco Stock for the Bargain, Stick With it for the Stability
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    Buy Cisco Stock for the Bargain, Stick With it for the Stability

    More than once over the past couple of decades, networking giant Cisco Systems (NASDAQ:CSCO) has been lumped in with other hardware stocks, and rightfully so. For the better part of its existence, Cisco stock has been an investment in networking hardware. Its business has been mostly dependent on enterprise-level IT upgrades.Source: Valeriya Zankovych / Shutterstock.com As the underlying technologies have changed, however, so too have Cisco's opportunities. It's still a hardware name to be sure, but it's also a software name. It's even becoming a recurring revenue platform.This paradigm shift didn't even come close to staving off a huge setback in August. CSCO stock fell from its July peak near $58 to last month's low around $46, with most of the selloff sparked by lackluster guidance for the quarter now underway. Headwinds in China also concerned shareholders.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe dip is ultimately an opportunity to step into a misunderstood and undervalued name. CSCO Stock Undervalued, UnderappreciatedThe post-earnings response was understandable.Cisco stock was already fighting a losing battle, peeling back from its July peak after announcing its intent to acquire Acacia Communications (NASDAQ:ACIA). Despite topping earnings and revenue estimates for the three-month stretch ending in July and pumping up the top line by 6%, earnings guidance of between 80 and 82 cents per share for its first fiscal quarter of 2020 wasn't the 83 cents analysts were modeling. Sales growth could also be flat for the quarter underway, following a 25% tumble in the previous quarter's China-driven revenue. Though the top end of Cisco's guidance was 2%, it was still short of consensus projections of 2.5%. * 7 Best Tech Stocks to Buy Right Now The steep 20% selloff, however, largely ignores the fact that Cisco stock is now trading at 18.7 times its trailing earnings and only 13.6 times its forward-looking income.There are cheaper stocks out there, but there aren't cheaper stocks out there like CSCO. Indeed, even the usual valuation measures don't apply without a footnote. In this case that footnote is $33.4 billion worth of liquid assets or outright cash sitting on Cisco's balance sheet, versus its market cap of $201 billion.The valuation also doesn't reflect the fact that, although it's been occasionally uneven thanks to new competition from the likes of Juniper Networks (NYSE:JNPR) and Arista Networks (NYSE:ANET), Cisco hasn't failed to produce some level of profit in any quarter for over a decade. That includes the 2008 recession prodded by the subprime mortgage meltdown.And that reliability is only poised to improve. Cisco Embraces SubscriptionsThe company has arguably touted the idea more than it's mattered yet. Nevertheless, recurring revenue is a key part of its new business model.For the record, it's actually been a piece of the Cisco strategy as far back as 2017. That's when the tech giant launched its first-ever subscription-based product leveraging its Catalyst 9000 networking platform. But, CEO Chuck Robbins explained in March that recurring revenue should make up 30% of the company's total business within the next three years.To that end, as of the recently ended quarter, software subscriptions made up 70% of total software revenue. Applications and services only accounted for a little more than one-third of Cisco's total business.It's not clear if the company's fiscal trajectory is on pace to reach the goal. The paradigm shift within the technology arena favors Cisco exceeding that goal rather than falling short of it.One only has to look at the evolution of cloud computing to see renting rather than owning is the new norm. Amazon (NASDAQ:AMZN) has built a multi-billion dollar business on the premise of providing access to remote servers to organizations that don't want a giant server bank on-site, or can't afford the cash needed to outright buy a data center.Cybersecurity service provider FireEye (NASDAQ:FEYE) has taken the idea a step further. It provides an entire suite of cloud-based digital security solutions that in the past would have been installed on-premise. Its customers enjoy the fact that for a small recurring fee, their service providers keep that cloud-based software, service and storage up-to-date.Amazon and FireEye like the fact that the underlying contracts make for predictable revenue.The trend dovetails nicely into Cisco's relatively new software-based routing platforms like its SD-WAN, which automatically remain up-to-date and secure without any major maintenance needed on the user's end. In the past, major improvements may have required a much more expensive purchase of new hardware. The Bottom Line for Cisco StockIt's all still a work in progress making it difficult to pinpoint where Cisco will be three years from now. Indeed, it's difficult to say where the company will be one year from now. To the extent its risk and potential can be weighed, however, Cisco stock looks like a buy-worthy bargain here.Headlines spurred an emotional response last month, which resulted in a knee-jerk selloff. Weakness in China didn't help in that regard. A closer inspection of the numbers would have made clear that Asia still only accounts for 15% of total revenue.Either way, with a potential end to the tariff war looming at the same time the company is just getting very, very good at revenue-steadying subscriptions, this beaten-down iconic name just might make for a decent addition to most portfolios.As of this writing, James Brumley held a long position in FireEye. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Buy Cisco Stock for the Bargain, Stick With it for the Stability appeared first on InvestorPlace.

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  • GlobeNewswire

    Juniper Networks Becomes Official Networking Partner of Aston Martin

    Two global brands will partner to develop technological excellenceJuniper branding will feature on the 2019 Vantage GTE race car GAYDON, United Kingdom and SUNNYVALE, Calif.,.

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  • Moody's

    Juniper Networks, Inc. -- Moody's assigns Baa2 rating to Juniper Networks' proposed debt issuance; outlook stable

    Rating Action: Moody's assigns Baa2 rating to Juniper Networks' proposed debt issuance; outlook stable. Global Credit Research- 19 Aug 2019. New York, August 19, 2019-- Moody's Investors Service assigned ...

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  • Multiple Expansion, 5G Can Boost Nokia Stock
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    Multiple Expansion, 5G Can Boost Nokia Stock

    The wait for Nokia (NYSE:NOK) stock to gain traction continues. A second-quarter earnings and revenue beat sent its shares surging higher. However, Nokia stock has almost fallen back to the $5.20 per share level where it traded before the company released its quarterly report.Source: Shutterstock NOK can benefit tremendously from the adoption of 5G. But until the company delivers profits and increases investors' confidence, Nokia stock will struggle. Reinvention, Low Valuation Have Not Helped Nokia StockThanks to its purchase of Alcatel-Lucent in 2016, Nokia has reinvented itself as a telecom-equipment maker. Consequently, Nokia's equipment has helped facilitate the transition to 5G service. While NOK's reinvention should have helped Nokia stock, that hasn't been the case so far.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn January 14, 2016, the day of the Alcatel deal, Nokia traded at an adjusted price of $6.39 per share. Today, Nokia stock sells for around $5.22 per share, meaning that NOK has lost more than 16% of its value in the last 3.5 years. * 15 Growth Stocks to Buy for the Long Haul After the downturn, NOK is a reasonably-priced stock. The decline has taken its forward price-earnings (PE) ratio to about 13. Analysts' average estimate predicts that Nokia's profit won't rise this year. However, the average estimates call for an earnings increase of 51.9% next year and average annual profit growth of 23.9% over the next five years, as more consumers and businesses begin to use 5G.Unfortunately, NOK stock has burned investors before. Of course, Nokia was blindsided by the advent of the smartphone. I have recommended NOK repeatedly, only to always see it fail to gain traction. Those who listened to me have collected a dividend, but Nokia stock has not delivered a sustained rally. Can Nokia Stock Finally Recover?So what will boost Nokia stock? InvestorPlace contributor Thomas Niel believes NOK will not move much in the near-term. However, he also thinks "new developments on the 5G front" could turn into the catalyst Nokia needs.But telecom companies can turn to equipment makers besides NOK, including Ericsson (NASDAQ:ERIC), Cisco Systems (NASDAQ:CSCO), and Juniper Networks (NYSE:JNPR).NOK traded above $60 during the height of the dot-com bubble. It surpassed $40 per share in 2007 when its share of the cell phone market was 49.4%. That year, Apple's (NASDAQ:AAPL) introduction of the iPhone pushed NOK into a descent from which it never recovered. As a result, confidence in Nokia has dropped. The company will need to restore that confidence if it wants to spark a recovery in NOK stock. Should Investors Buy NOK?I see no evidence that Nokia will become the leader of the telecom-equipment sector. Most other investors probably feel the same way For this reason, NOK stock has traded between the high-$3s per share and the high $8s per share range since 2013. Given this pattern, investors can probably forget about NOK stock reaching $40 or $60 anytime soon.However, once 5G is adopted more extensively, Nokia stock could break out of its current range. Historically, NOK has traded at an average P/E ratio of 25.3. If NOK meets analysts' average 2019 EPS estimate of 27 cents, and its PE multiple rises to its historic average of 25.3, NOK stock price would reach $6.83. If its 2020 EPS reaches the average estimate of 41 cents per share, and its PE ratio rises to 25.3, the stock price would reach $10.37.If NOK, boosted by the 5G revolution finds a way to beat the average estimates, the long-awaited recovery of Nokia stock could finally materialize.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Multiple Expansion, 5G Can Boost Nokia Stock appeared first on InvestorPlace.

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  • Better Execution Needed to Move NOK Stock Higher
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    Better Execution Needed to Move NOK Stock Higher

    Nokia (NYSE:NOK) showed some progress in its second-quarter report last week. It even briefly boosted NOK stock: shares climbed 10% after Thursday's release. But in the last week, Nokia stock already has given back roughly half those gains.Source: Shutterstock It's not terribly hard to see why that is. Traders responded well to the company's headline beat. But investors are more cautious, and with good reason. The Q2 report follows a first quarter release that was much weaker (NOK stock actually fell 10% after that report). Full-year guidance was reaffirmed -- and so were the risks to that guidance. * 8 of the Most Shorted Stocks in the Markets Right Now More broadly, as I detailed in June, Nokia has disappointed several times before. The 5G opportunity might be different, but investors would be forgiven for not wholly trusting the company just yet.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Q2 and First Half Nokia EarningsTraders likely focused on the headline numbers here, which look strong, at least relative to expectations. Adjusted EPS of €0.05 came in €0.02 ahead of consensus. The top-line performance was more impressive: revenue rose 7.2%, about five points better than the Street projected.But that beat doesn't necessarily suggest that Nokia stock is getting back to growth. The company explained a soft Q1 as driven in part by contracts which were signed in the quarter, but didn't contribute to revenue until Q2. That timing -- somewhat -- explains the difference in how the two quarters were viewed.Taking the first half as a whole, the news hardly seems spectacular. Revenue, in constant currency, grew just 2% year-over-year. Adjusted operating profit fell 32%. And Nokia burned a whopping €2.5 billion (about US$2.75 billion) in cash. The performance so far doesn't necessarily suggest that Nokia has turned the corner. Optimism Toward NOK StockThat said, Nokia stock probably deserved some gains after the quarter -- if only due to a sort of relief rally. After Q1, it seemed unlikely that Nokia would meet its full-year EPS guidance. The consensus estimate was below the low end of the company's range. The Q2 beat gets Nokia back on track toward at least clipping the low end of the range.That's important for two reasons. First, it re-establishes some level of credibility for Nokia. Again, this is a company that has disappointed repeatedly. It sold its phone business to Microsoft (NASDAQ:MSFT) for US$7 billion in cash, which turned out to be a great deal (and a disaster for Microsoft). Six years later, NOK stock trades basically where it did after it soared on that deal.In early 2016, Nokia took control of Alcatel-Lucent via tender offer in a supposedly transformative acquisition. Nokia stock has declined since that deal was closed (and since it was announced the year before).The opportunity now comes from enormous cost-cutting -- some €500 million in savings next year -- and 5G. Nokia needs to capitalize this time, and Q2 is a modest step in that journey.Secondly, it's 2020 earnings that really matter for Nokia. Thanks in part to those cost cuts, Nokia is projecting a big step up in profits next year. Adjusted EPS is guided to rise from €0.25-€0.29 this year to €0.37-€0.42 next year. The 2020 target makes NOK look cheap: about 12.5x earnings at the midpoint of that guidance.Basically, if Nokia hits next year's target, Nokia stock is going to rise. If it doesn't, NOK at best stays dead money. The company still wrote in its release that guidance "puts significant pressure on execution in the second half." But Q2's performance at least gives the company a chance of reaching its guidance for this year. That's a step in the right direction for the company, and a reason to see a bounce in the stock. Will 5G Boost Nokia Stock?There's one more piece of good news worth highlighting. Again, cost cuts should help margins and 5G should drive growth. The question is whether, with China's Huawei facing security concerns, Nokia can outperform rival Ericsson (NASDAQ:ERIC) in 5G. Early returns look good.In fact, CEO Rajeev Suri said on the Q2 conference call that of the existing Nokia 4G LTE customers who have chosen a 5G supplier, every one of them has chosen Nokia. That suggests early strength in 5G -- and a nice base for growth going forward. It's another reason to see the report as bullish for NOK stock.Personally, I'm not quite ready to jump on board. One quarter doesn't change execution concerns, particularly with the company itself still saying guidance is at risk. With the exception of Cisco Systems (NASDAQ:CSCO), the networking space has been a difficult one for companies and investors (Juniper Networks (NYSE:JNPR), for instance has traded sideways for years now). 5G growth is important, but it's going to be offset by 4G losses.There's still a lot left for Nokia to prove. But give credit where credit is due: the company at least took a solid step forward last week.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income The post Better Execution Needed to Move NOK Stock Higher appeared first on InvestorPlace.

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