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3 Technology Stocks Driving The Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 176 points (-1.2%) at 15,002 as of Wednesday, June 5, 2013, 1:05 PM ET. The NYSE advances/declines ratio sits at 561 issues advancing vs. 2,413 declining with 95 unchanged.

The Technology sector currently sits down 1.09 versus the S&P 500, which is down 1.28. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 3.55, Corning ( GLW), down 3.31, Nokia Oyj ( NOK), down 2.82, Mobile Telesystems OJSC ( MBT), down 2.64 and Infosys ( INFY), down 2.36.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Juniper Networks ( JNPR) is one of the companies pushing the Technology sector higher today. As of noon trading, Juniper Networks is up $1.02 (5.87) to $18.41 on heavy volume Thus far, 9.1 million shares of Juniper Networks exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $17.22-$18.68 after having opened the day at $17.34 as compared to the previous trading day's close of $17.39.

Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide. Juniper Networks has a market cap of $8.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 35.0, above the S&P 500 P/E ratio of 17.7. Shares are down 11.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Juniper Networks a buy, 1 analyst rates it a sell, and 16 rate it a hold.

TheStreet Ratings rates Juniper Networks as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year. Get the full Juniper Networks Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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