NEW YORK (

TheStreet

) --

Juniper Networks

(NYSE:

JNPR

) hit a new 52-week low Friday as it is currently trading at $18, below its previous 52-week low of $18.05 with 1.5 million shares traded as of 10:11 a.m. ET. Average volume has been 11.9 million shares over the past 30 days.

Juniper has a market cap of $10 billion and is part of the

technology

sector and

computer hardware

industry. Shares are down 50.2% year to date as of the close of trading on Thursday.

Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure to create environments for the deployment of services and applications over a single network. The company has a P/E ratio of 18, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Juniper as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full

Juniper Ratings Report

.

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