Juniper Networks Stock Beneish M Score

JNPR Stock  USD 37.18  0.02  0.05%   
This module uses fundamental data of Juniper Networks to approximate the value of its Beneish M Score. Juniper Networks M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Juniper Networks Piotroski F Score and Juniper Networks Altman Z Score analysis.
To learn how to invest in Juniper Stock, please use our How to Invest in Juniper Networks guide.
  
At this time, Juniper Networks' Total Debt is relatively stable as compared to the past year. As of 02/25/2024, Debt Non Current is likely to grow to about 1.9 B, while Issuance Repayment of Debt Securities is likely to drop (445.3 M). At this time, Juniper Networks' Return on Investment is relatively stable as compared to the past year. As of 02/25/2024, Quick Ratio is likely to grow to 1.63, while PPandE Turnover is likely to drop 7.87.
At this time, it appears that Juniper Networks is an unlikely manipulator. The earnings manipulation may begin if Juniper Networks' top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Juniper Networks executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Juniper Networks' earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.71
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.99

Focus
Asset Quality

0.87

Focus
Expense Coverage

0.98

Focus
Gross Margin Strengs

0.97

Focus
Accruals Factor

0.98

Focus
Depreciation Resistance

0.91

Focus
Net Sales Growth

1.03

Focus
Financial Leverage Condition

1.13

Focus

Juniper Networks Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Juniper Networks' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Selling General and Administrative Expense1.5 B1.5 B
Fairly Up
Slightly volatile
Revenues5.7 B5.6 B
Fairly Up
Slightly volatile
Trade and Non Trade Receivables1.1 BB
Fairly Up
Slightly volatile
Property Plant and Equipment Net814.7 M801.3 M
Fairly Up
Pretty Stable
Operating Income539 M470.1 M
Fairly Up
Very volatile
Net Cash Flow from Operations786.9 M872.8 M
Moderately Down
Slightly volatile
Liabilities Non CurrentB2.9 B
Sufficiently Up
Slightly volatile
Current Liabilities2.2 B2.1 B
Fairly Up
Slightly volatile
Total Liabilities5.2 BB
Sufficiently Up
Slightly volatile
Investments Non Current119.9 M116.8 M
Fairly Up
Slightly volatile
Investments Current143.1 M139.4 M
Fairly Up
Slightly volatile
Investments262.9 M256.2 M
Fairly Up
Slightly volatile
Gross Margin0.560.575
Fairly Down
Slightly volatile
Depreciation Amortization and Accretion221.8 M194.7 M
Fairly Up
Slightly volatile
Debt Non Current1.9 B1.7 B
Moderately Up
Slightly volatile
Debt Current461.9 M484.7 M
Sufficiently Down
Slightly volatile
Total DebtB1.7 B
Fairly Up
Slightly volatile
Assets Non Current5.4 B5.7 B
Notably Down
Slightly volatile
Current Assets4.1 B3.8 B
Notably Up
Very volatile
Total Assets8.9 B9.5 B
Notably Down
Slightly volatile

Juniper Networks Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Juniper Networks' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Juniper Networks in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Juniper Networks' degree of accounting gimmicks and manipulations.

About Juniper Networks Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation Amortization and Accretion

221.83 Million

At this time, Juniper Networks' Depreciation Amortization and Accretion is relatively stable as compared to the past year.

Juniper Networks Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Juniper Networks. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201920202021202220232024 (projected)
Revenues4.4B4.4B4.7B5.3B5.6B5.7B
Total Assets8.8B9.4B8.9B9.3B9.5B8.9B
Current Assets3.2B3.3B3.0B3.6B3.8B4.1B
Assets Non Current5.6B6.1B5.9B5.7B5.7B5.4B
Total Liabilities4.2B4.8B4.6B4.9B5.0B5.2B
Current Liabilities1.5B2.2B1.9B2.1B2.1B2.2B
Total Debt1.8B2.3B1.8B1.7B1.7B2.0B
Debt Non Current1.8B1.9B1.8B1.7B1.7B1.9B
Operating Income442.2M353.1M387.5M519.1M470.1M539.0M
Investments1.3B1.1B771M349.9M256.2M262.9M
Investments Current738M412.1M315.5M210.3M139.4M143.1M

About Juniper Networks Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Juniper Networks's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Juniper Networks using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Juniper Networks based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Juniper Networks, Inc. designs, develops, and sells network products and services worldwide. The company was incorporated in 1996 and is headquartered in Sunnyvale, California. Juniper Networks operates under Communication Equipment classification in the United States and is traded on New York Stock Exchange. It employs 10705 people.

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When determining whether Juniper Networks is a strong investment it is important to analyze Juniper Networks' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Juniper Networks' future performance. For an informed investment choice regarding Juniper Stock, refer to the following important reports:
Check out Juniper Networks Piotroski F Score and Juniper Networks Altman Z Score analysis.
To learn how to invest in Juniper Stock, please use our How to Invest in Juniper Networks guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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Is Juniper Networks' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Juniper Networks. If investors know Juniper will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Juniper Networks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Juniper Networks is measured differently than its book value, which is the value of Juniper that is recorded on the company's balance sheet. Investors also form their own opinion of Juniper Networks' value that differs from its market value or its book value, called intrinsic value, which is Juniper Networks' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Juniper Networks' market value can be influenced by many factors that don't directly affect Juniper Networks' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Juniper Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Juniper Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Juniper Networks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.