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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Juniper Networks ( JNPR) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Juniper Networks fell $0.22 (-1.1%) to $20.50 on light volume. Throughout the day, 3,584,752 shares of Juniper Networks exchanged hands as compared to its average daily volume of 5,391,000 shares. The stock ranged in price between $20.41-$20.79 after having opened the day at $20.69 as compared to the previous trading day's close of $20.72. Other companies within the Computer Hardware industry that declined today were: Overland Storage ( OVRL), down 8.4%, Concurrent Computer Corporation ( CCUR), down 3.0%, Lantronix ( LTRX), down 2.9% and Black Box Corporation ( BBOX), down 2.8%.

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 $9.9 billion and is part of the technology sector. Shares are up 5.3% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Juniper Networks a buy, 1 analyst rates 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 compelling growth 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 find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year.

On the positive front, Hutchinson Technology ( HTCH), up 7.5%, Mad Catz Interactive ( MCZ), up 7.4%, Rimage Corporation ( RIMG), up 6.6% and Gigamon ( GIMO), up 4.6% , were all gainers within the computer hardware industry with SanDisk ( SNDK) being today's featured computer hardware industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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