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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Juniper Networks ( JNPR) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Juniper Networks fell $0.22 (-1.3%) to $17.10 on average volume. Throughout the day, 6,245,761 shares of Juniper Networks exchanged hands as compared to its average daily volume of 6,750,900 shares. The stock ranged in price between $17.06-$17.45 after having opened the day at $17.39 as compared to the previous trading day's close of $17.32. Other companies within the Technology sector that declined today were: Digital Power Corporation ( DPW), down 16.9%, China Information Technology ( CNIT), down 13.7%, Insight ( NSIT), down 10.9% and Rambus ( RMBS), down 10.2%.
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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 $9.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 50.6, above the S&P 500 P/E ratio of 17.7. Shares are down 11.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Juniper Networks 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 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, Voltari ( VLTC), down 40.9%, Renewable Energy Trade Board ( EBOD), down 28.7%, Zhone Technologies ( ZHNE), down 20.4% and Net Element International ( NETE), down 13.9% , were all gainers within the technology sector with Research in Motion ( RIMM) being today's featured technology sector leader.

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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