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 down 0.1%. By the end of trading, Juniper Networks rose $0.29 (1.1%) to $25.62 on light volume. Throughout the day, 4,239,882 shares of Juniper Networks exchanged hands as compared to its average daily volume of 9,925,200 shares. The stock ranged in a price between $25.33-$25.93 after having opened the day at $25.37 as compared to the previous trading day's close of $25.33. Other companies within the Computer Hardware industry that increased today were: Interphase ( INPH), up 11.4%, Immersion Corporation ( IMMR), up 7.2%, NICE-Systems ( NICE), up 3.7% and SMART Technologies ( SMT), up 3.4%.

Juniper Networks, Inc. designs, develops, and sells products and services for high-performance networks worldwide. The company operates in two segments, Platform Systems Division and Software Solutions Division. Juniper Networks has a market cap of $12.9 billion and is part of the technology sector. Shares are up 12.2% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 12 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Overland Storage ( OVRL), down 8.2%, Violin Memory ( VMEM), down 5.3%, Omnicell ( OMCL), down 3.9% and Silicom ( SILC), down 3.1% , were all laggards within the computer hardware industry with Palo Alto Networks ( PANW) 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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