user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 466426 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

Juniper Networks In Retrospect: Shares Down 6.2% Since Downgraded One Week Ago (JNPR)

Published on Tue, 03/26/2013 - 09:10
By Peter Chu

One week ago Juniper Networks (NASDAQ:JNPR) was downgraded from Neutral to Sell at Goldman Sachs. The stock closed at $18.96, which is 6.2% lower than the price one week ago ($20.21).

In the past 52 weeks, Juniper Networks share prices have been bracketed by a low of $14.01 and a high of $33.11 and are now at $18.99, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.2%.

Juniper Networks, Inc. provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers. The Company offers network infrastructure solutions that includes IP routing, Ethernet switching, security and application acceleration solutions.

There is potential upside of 21.4% for shares of Juniper Networks based on a current price of $18.99 and an average consensus analyst price target of $23.05. Juniper Networks shares should encounter resistance at the 50-day moving average (MA) of $21.06 and support at its 200-day MA of $18.45.

By Peter Chu