Juniper Networks(US:JNPR) Zacks Investment Research·2024-04-09 23:06Company Performance - Juniper Networks (JNPR) closed at $37.18, reflecting a +0.13% change from the previous day, underperforming the S&P 500's gain of 0.15% [1] - Over the past month, JNPR shares increased by 0.35%, lagging behind the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1.65% [1] - The upcoming earnings report is scheduled for April 25, 2024, with projected EPS of $0.39, indicating an 18.75% decline year-over-year, and expected revenue of $1.23 billion, down 10.33% from the prior year quarter [1] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of $2.22 per share and revenue of $5.38 billion, reflecting changes of -1.77% and -3.24% respectively from the previous year [2] - Recent adjustments to analyst estimates for Juniper Networks may indicate shifting business dynamics, with positive revisions suggesting analyst optimism about the company's profitability [2] Valuation Metrics - Juniper Networks has a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate decreasing by 0.12% over the last 30 days [3] - The company has a Forward P/E ratio of 16.73, which is higher than the industry average Forward P/E of 14.53 [3] - JNPR's PEG ratio stands at 4.7, compared to the Wireless Equipment industry's average PEG ratio of 1.44 [3] Industry Context - The Wireless Equipment industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 210, placing it in the bottom 17% of over 250 industries [4] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]