Juniper Networks

(

JNPR

) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.6%. By the end of trading, Juniper Networks rose $1.68 (11.4%) to $16.50 on heavy volume. Throughout the day, 21.3 million shares of Juniper Networks exchanged hands as compared to its average daily volume of 8.4 million shares. The stock ranged in a price between $15.93-$17 after having opened the day at $15.93 as compared to the previous trading day's close of $14.82. Other companies within the Technology sector that increased today were:

InvenSense

(

INVN

), up 34.1%,

Riverbed Technology Incorporated

(

RVBD

), up 25.9%,

Mitek Systems

(

MITK

), up 24.7%, and

Selectica

(

SLTC

), up 21.3%.

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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 $8.29 billion and is part of the

computer hardware

industry. The company has a P/E ratio of 26.2, below the average computer hardware industry P/E ratio of 26.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 25.4% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 20 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 largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the negative front,

International Game Technology

(

IGT

), down 19.9%,

TripAdvisor

(

TRIP

), down 16.8%,

RF Micro Devices

(

RFMD

), down 16.4%, and

SatCon Technology Corporation

(

SATC

), down 11.9%, were all laggards within the technology sector with

Seagate Technology

(

STX

) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR

(

XLK

) while those bearish on the technology sector could consider

ProShares Ultra Short Technology

(

REW

).

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