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Juniper Networks (STU:JNP) Piotroski F-Score : 5 (As of Apr. 04, 2025)


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What is Juniper Networks Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Juniper Networks has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Juniper Networks's Piotroski F-Score or its related term are showing as below:

STU:JNP' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Juniper Networks was 8. The lowest was 5. And the median was 7.


Juniper Networks Piotroski F-Score Historical Data

The historical data trend for Juniper Networks's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Juniper Networks Piotroski F-Score Chart

Juniper Networks Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 7.00 8.00 5.00

Juniper Networks Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 6.00 6.00 4.00 5.00

Competitive Comparison of Juniper Networks's Piotroski F-Score

For the Communication Equipment subindustry, Juniper Networks's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Juniper Networks's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Juniper Networks's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Juniper Networks's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -0.736 + 31.679 + 83.433 + 154.71 = €269 Mil.
Cash Flow from Operations was 299 + -8.268 + 173.172 + 267.209 = €731 Mil.
Revenue was 1056.988 + 1105.138 + 1199.231 + 1340.916 = €4,702 Mil.
Gross Profit was 626.428 + 639.617 + 696.833 + 800.959 = €2,764 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(8728.464 + 8719.944 + 8758.891 + 8645.636 + 9557.64) / 5 = €8882.115 Mil.
Total Assets at the begining of this year (Dec23) was €8,728 Mil.
Long-Term Debt & Capital Lease Obligation was €1,290 Mil.
Total Current Assets was €3,673 Mil.
Total Current Liabilities was €2,523 Mil.
Net Income was 79.764 + 22.521 + 71.306 + 113.983 = €288 Mil.

Revenue was 1281.261 + 1319.982 + 1309.739 + 1251.522 = €5,163 Mil.
Gross Profit was 720.301 + 750.491 + 759.345 + 740.202 = €2,970 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(8804.405 + 8701.424 + 8653.587 + 8812.298 + 8728.464) / 5 = €8740.0356 Mil.
Total Assets at the begining of last year (Dec22) was €8,804 Mil.
Long-Term Debt & Capital Lease Obligation was €1,559 Mil.
Total Current Assets was €3,480 Mil.
Total Current Liabilities was €1,929 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Juniper Networks's current Net Income (TTM) was 269. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Juniper Networks's current Cash Flow from Operations (TTM) was 731. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=269.086/8728.464
=0.03082856

ROA (Last Year)=Net Income/Total Assets (Dec22)
=287.574/8804.405
=0.03266251

Juniper Networks's return on assets of this year was 0.03082856. Juniper Networks's return on assets of last year was 0.03266251. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Juniper Networks's current Net Income (TTM) was 269. Juniper Networks's current Cash Flow from Operations (TTM) was 731. ==> 731 > 269 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1290.396/8882.115
=0.14528026

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1558.625/8740.0356
=0.17833165

Juniper Networks's gearing of this year was 0.14528026. Juniper Networks's gearing of last year was 0.17833165. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=3672.548/2523.11
=1.45556397

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=3480.473/1929.368
=1.80394461

Juniper Networks's current ratio of this year was 1.45556397. Juniper Networks's current ratio of last year was 1.80394461. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Juniper Networks's number of shares in issue this year was 338.2. Juniper Networks's number of shares in issue last year was 324.7. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=2763.837/4702.273
=0.58776617

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2970.339/5162.504
=0.57536788

Juniper Networks's gross margin of this year was 0.58776617. Juniper Networks's gross margin of last year was 0.57536788. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=4702.273/8728.464
=0.53872858

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=5162.504/8804.405
=0.58635467

Juniper Networks's asset turnover of this year was 0.53872858. Juniper Networks's asset turnover of last year was 0.58635467. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+0+0+1+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Juniper Networks has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Juniper Networks  (STU:JNP) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Juniper Networks Piotroski F-Score Related Terms

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Juniper Networks Business Description

Address
1133 Innovation Way, Sunnyvale, CA, USA, 94089
Juniper Networks Inc is engaged in designing, developing, and selling products and services for high-performance networks to enable customers to build scalable, reliable, secure, and cost-effective networks for their businesses while achieving agility and improved operating efficiency through automation. The company's high-performance network and service offerings include routing, switching, Wi-Fi, network security, artificial intelligence (AI) or AI-enabled enterprise networking operations (AIOps), and software-defined networking (SDN) technologies. In addition to the company's products, the company offers its customers a variety of services, including maintenance and support, professional services, Software-as-a-Service (SaaS), and education and training programs.