Juniper Networks (JNPR) has been under a strong bear grip, hence the stock is down -2.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.46% in the past 1 week. The stock has risen by 0.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.68% in the past 4 weeks.
Juniper Networks, Inc. is up 3.26% in the last 3-month period. Year-to-Date the stock performance stands at -14.61%. The stock has recorded a 20-day Moving Average of 1.09% and the 50-Day Moving Average is 1.9%.
Juniper Networks (NYSE:JNPR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.01 and $22.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.37, notching a gain of 1.13% for the day. The total traded volume was 4,104,108 . The stock had closed at $23.11 on the previous day.
Also, Citigroup maintains its rating on Juniper Networks (NYSE:JNPR). The global brokerage major raises the current price target from $24 per share to $27 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 27, 2016.
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.