Juniper Networks (JNPR) : $2.16 million worth of transactions were on upticks in Juniper Networks (JNPR), compared to $0.76 million on downticks. The ratio between the two was 2.86, whereas, the net money flow stood at a healthy $1.41 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.93million worth of trades. The total money flow into the stock stood at $0.93 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.04%. The stock was trading at $23.39, with a drop of $0.01 over the previous days close. The stock recorded 1.34% for the week.
Also, Deutsche Bank downgrades its view on Juniper Networks (NYSE:JNPR) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Deutsche Bank lowers the price target from $30 per share to $22 per share on Juniper Networks . The rating by the firm was issued on July 6, 2016.
Juniper Networks (NYSE:JNPR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.53 and $23.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.51, notching a gain of 0.47% for the day. The total traded volume was 2,910,807 . The stock had closed at $23.40 on the previous day.
The stock has recorded a 20-day Moving Average of 3.86% and the 50-Day Moving Average is 2.96%. In a related news, Spidell Terrance F, officer (Corp VP Corp Controller & CAO) of Juniper Networks Inc, unloaded 2,555 shares at an average price of $23.56 on April 26, 2016. The total amount of the transaction was worth $60,196, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Juniper Networks, Inc. designs, develops, and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in more than 100 countries in three geographic regions: Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC). The Company sells its network products and service offerings across routing, switching and security. In addition to its products, the Company offers its customers worldwide services, including technical support, professional services, education and training programs. The Companys routing products include ACX Series, MX Series, M Series, PTX Series and T Series. Its switching products include EX Series and QFX Series. The Companys security products include SRX Series Services Gateways for the data center and SRX Series Gateways for the campus and branch. Its Junos Platform includes a range of products, such as Junos OS, Junos Space and Contrail.