Juniper Stock Falls On Unusually High Volume (JNPR)

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.

NEW YORK ( TheStreet) -- Juniper Networks (NYSE: JNPR) is trading at unusually high volume Wednesday with 13.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $1.60 (-9.2%) at $15.76 as of 10:25 a.m. ET.

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Juniper has a market cap of $8.75 billion and is part of the technology sector and computer hardware industry. Shares are down 11.7% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 48.9, 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 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. You can view the full Juniper Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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