Juniper Networks Inc. (JNPR): Today's Featured Technology Loser

Juniper Networks ( JNPR) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 0.4%. By the end of trading, Juniper Networks fell 76 cents (-4.2%) to $17.23 on heavy volume. Throughout the day, 15.8 million shares of Juniper Networks exchanged hands as compared to its average daily volume of 9.8 million shares. The stock ranged in price between $17-$17.76 after having opened the day at $17.64 as compared to the previous trading day's close of $17.99. Other company's within the Technology sector that declined today were: Deltathree ( DDDC), down 32%, Hoku ( HOKU), down 25.1%, Dell ( DELL), down 17.2%, and Daystar Technologies ( DSTI), down 13.2%.

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 $9.52 billion and is part of the computer hardware industry. The company has a P/E ratio of 31, above the average computer hardware industry P/E ratio of 30.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 11.8% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 17 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 positive front, Recon Technology ( RCON), up 39.5%, Ambient Corporation ( AMBT), up 27.1%, Dynasil Corporation of America ( DYSL), up 22.7%, and Globalstar Incorporated ( GSAT), up 20.6%, were all gainers within the technology sector with Micron Technology ( MU) being today's featured technology sector winner.

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).
null

If you liked this article you might like

Cisco Could Be in Line for Some Big Changes With John Chambers' Exit

7 Essential Rules for Investing in Tech Stocks

John Chambers' Exit From Cisco Could Pave the Way for Big Moves

Why Intel, Nvidia and Others Are Seeing Their Sales to Cloud Giants Soar

After Cisco's Dive Drags Tech, Here's What Wall Street's Top Analyst Had to Say