Juniper Networks Inc. (JNPR): Today's Featured Computer Hardware Winner

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 Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.5%. By the end of trading, Juniper Networks rose $0.59 (3.2%) to $19.06 on average volume. Throughout the day, 7,263,627 shares of Juniper Networks exchanged hands as compared to its average daily volume of 7,719,400 shares. The stock ranged in a price between $18.40-$19.08 after having opened the day at $18.54 as compared to the previous trading day's close of $18.47. Other companies within the Computer Hardware industry that increased today were: Concurrent Computer Corporation ( CCUR), up 9.5%, Dot Hill Systems Corporation ( HILL), up 9.2%, SMART Technologies ( SMT), up 6.6% and Finisar Corporation ( FNSR), up 4.4%.
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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 $9.4 billion and is part of the technology sector. The company has a P/E ratio of 34.8, above the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Juniper Networks a buy, 1 analyst rates it a sell, and 16 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 increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and relatively poor performance when compared with the S&P 500 during the past year.

On the negative front, Mad Catz Interactive ( MCZ), down 6.3%, Hauppauge Digital ( HAUP), down 6.2%, Dataram Corporation ( DRAM), down 5.6% and Video Display Corporation ( VIDE), down 4.7% , were all laggards within the computer hardware industry with Stratasys ( SSYS) being today's computer hardware industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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