Juniper Networks, Inc. (JNPR) To Go Ex-Dividend on December 2nd

Juniper Networks, Inc. (NYSE:JNPR) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Investors of record on Monday, December 2nd will be given a dividend of 0.22 per share by the network equipment provider on Monday, December 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, December 2nd.

Juniper Networks has increased its dividend by an average of 3.2% annually over the last three years. Juniper Networks has a payout ratio of 45.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Juniper Networks to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 69.3%.

Juniper Networks Stock Down 0.4 %

Shares of JNPR stock opened at $35.92 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. Juniper Networks has a 12 month low of $27.87 and a 12 month high of $39.79. The stock has a market cap of $11.89 billion, a P/E ratio of 47.26, a P/E/G ratio of 11.38 and a beta of 0.93. The company has a 50 day simple moving average of $38.31 and a two-hundred day simple moving average of $37.45.

Analyst Upgrades and Downgrades

JNPR has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. StockNews.com began coverage on Juniper Networks in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Barclays cut their price objective on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Citigroup restated a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.50.

Juniper Networks Company Profile

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.