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

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 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 $0.48 (1.8%) to $27.73 on average volume. Throughout the day, 7,921,639 shares of Juniper Networks exchanged hands as compared to its average daily volume of 9,747,200 shares. The stock ranged in a price between $27.14-$27.76 after having opened the day at $27.22 as compared to the previous trading day's close of $27.25. Other companies within the Computer Hardware industry that increased today were: voxeljet ( VJET), up 10.3%, M/A-COM Technology Solutions Holdings ( MTSI), up 5.9%, Imation Corporation ( IMN), up 5.2% and China TechFaith Wireless Comm Tech ( CNTF), up 4.6%.

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 $13.6 billion and is part of the technology sector. Shares are up 20.7% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Juniper Networks as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Echelon Corporation ( ELON), down 9.7%, Identive Group ( INVE), down 3.2%, Extreme Networks ( EXTR), down 3.0% and Lantronix ( LTRX), down 2.0% , were all laggards within the computer hardware industry with Synaptics ( SYNA) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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