Juniper Networks (JNPR) Marked As A Dead Cat Bounce Stock

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.

Trade-Ideas LLC identified Juniper Networks ( JNPR) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Juniper Networks as such a stock due to the following factors:

  • JNPR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $216.2 million.
  • JNPR has traded 6.1 million shares today.
  • JNPR is up 3.1% today.
  • JNPR was down 9.6% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in JNPR with the Ticky from Trade-Ideas. See the FREE profile for JNPR NOW at Trade-Ideas

More details on JNPR:

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. JNPR has a PE ratio of 21.2. Currently there are 13 analysts that rate Juniper Networks a buy, no analysts rate it a sell, and 13 rate it a hold.

The average volume for Juniper Networks has been 6.3 million shares per day over the past 30 days. Juniper has a market cap of $11.3 billion and is part of the technology sector and computer hardware industry. The stock has a beta of 2.13 and a short float of 1.4% with 0.98 days to cover. Shares are down 0.6% year-to-date as of the close of trading on Wednesday.

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

John Chambers' Exit From Cisco Could Pave the Way for Big Moves

Why Intel, Nvidia and Others Are Seeing Their Sales to Cloud Giants Soar

After Cisco's Dive Drags Tech, Here's What Wall Street's Top Analyst Had to Say

Cisco's Quarter Features a Mix of Troubling and Encouraging Numbers