Juniper Networks COO Manoj Leelanivas sells $1.12 million in stock

Published 28/02/2025, 01:30
Juniper Networks COO Manoj Leelanivas sells $1.12 million in stock

SUNNYVALE, Calif.—Manoj Leelanivas, the Executive Vice President and Chief Operating Officer of Juniper Networks Inc . (NYSE:JNPR), recently sold a significant portion of his holdings in the company. The networking equipment maker, currently valued at approximately $12 billion, has maintained a stable market presence with relatively low price volatility according to InvestingPro data. According to a recent SEC filing, Leelanivas sold 30,978 shares of Juniper Networks’ common stock on February 26, 2025. The shares were sold at a weighted average price of $36.0212, amounting to a total transaction value of approximately $1.12 million.

Following this transaction, Leelanivas retains 94,771 shares of the company. The stock sales were executed in multiple transactions, with prices ranging from $36.01 to $36.065 per share.

In other recent news, Juniper Networks reported fourth-quarter results that exceeded analyst expectations, driven by strong demand in AI networking initiatives. The company posted adjusted earnings per share of $0.64, surpassing the analyst consensus of $0.57, and achieved a revenue of $1.4 billion, which was above the $1.38 billion estimate and marked a 3% year-over-year increase. Juniper’s CEO highlighted the robust demand across enterprise, service provider, and cloud verticals, with the cloud segment experiencing triple-digit growth year-over-year. Despite strong quarterly results, full-year net revenues for 2024 were reported at $5.07 billion, representing a 9% decrease from the previous year.

Additionally, Juniper Networks announced significant updates to its routing portfolio, employing Mist AI to enhance WAN routing performance. These updates include the new ACX7020 Access Edge Router, which aims to reduce operational expenses and improve energy efficiency. In merger news, Juniper’s proposed merger with Hewlett Packard Enterprise (NYSE:HPE) is facing a legal challenge from the U.S. Department of Justice, though both companies remain committed to completing the transaction. The company also declared a quarterly dividend of $0.22 per share, payable on March 24, 2025. These developments reflect Juniper’s ongoing efforts to innovate and adapt to market demands.

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