Shares of Juniper Networks (NYSE:JNPR) were gapping down Friday morning with an open price 10.6% lower than Thursday's closing price. The stock closed at $22.37 yesterday and opened today's trading at $20.
NEW YORK ( TheStreet) -- Shares of Juniper Networks (NYSE: JNPR) were gapping down Friday morning with an open price 10.6% lower than Thursday's closing price. The stock closed at $22.37 Thursday and opened today's trading at $20. The average volume for Juniper has been 9.2 million shares per day over the past 30 days. Juniper has a market cap of $12.18 billion and is part of the technology sector and computer hardware industry. Shares are up 9.5% 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 23.8, below the average computer hardware industry P/E ratio of 24.1 and above the S&P 500 P/E ratio of 17.7. 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 unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Juniper Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.