Juniper, Symantec: Tech Winners & Losers

Tech winners and losers story updated with closing prices

NEW YORK ( TheStreet) -- The Nasdaq closed up 20.3 points to close at 2,739.5 Wednesday, boosted by a strong performance from tech stocks.

Juniper Networks ( JNPR) jumped 6.4% to close at $37.05, after reporting strong fourth quarter results.

The networking company posted revenue of $1.19 billion, up 26% on the prior year's quarter, and topping Wall Street's estimate of $1.12 billion.

Excluding items, Juniper earned 42 cents a share, a 31% hike on the same period last year. Analysts had forecast earnings of 37 cents a share.

Texas Instruments ( TXN) rose 1% to close at $34.32 after beating Wall Street expectations during its fourth quarter earnings announcement.

The company reported adjusted earnings of 64 cents a share, edging analyst estimates.

Revenue came in at $3.53 billion, up 17% from the year-ago period, and incrementally ahead of the consensus estimate.

Red Hat ( RHT) increased 5.5%, after an analyst upgrade. Stifel Nicolaus analyst Tim Klasell raised his rating on the software company to Buy from Hold.

On the flip side, Symantec ( SYMC) fell 0.15% to close at $17.80 ahead of its third-quarter earnings report Wednesday.

Analysts expect Symantec to report revenue of $1.58 billion and earnings of 33 cents a share, compared to $1.55 billion and earnings of 40 cents a share in the same period last year.

Google ( GOOG) dropped 0.55% to close at $616.50, after announcing it expects to hire 6,000 workers this year. 2011 will be the biggest hiring year in Google's history, the company said.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

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