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Stock Investors Sell Off Shares of Juniper Networks, Down 1.9%

Published on Tue, 02/26/2013 - 13:24
By Robert Cotter

Juniper Networks (NASDAQ:JNPR) is a company whose shares are active, trading 1.9% lower to $20.33. The Dow is up 0.7% to 13,877 and the S&P is currently up 0.3% to 1,493.

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.

Juniper Networks has overhead space with shares priced $20.33, or 12.0% below the average consensus analyst price target of $23.10. The stock should find resistance at its 50-day moving average (MA) of $20.98, as well as support at its 200-day MA of $18.19.

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 $20.33, 45% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.55% higher over the past week, respectively.

By Robert Cotter