The No. 2 maker of networking gear Juniper Networks, Inc. (NYSE:JNPR) dropped the most in five months following a Goldman Sachs Group Inc. (NYSE:GS) analyst cut its rating the stock, quoting rivalry from Cisco Systems Inc. (CSCO) and Alcatel-Lucent.
Simona Jankowski at Goldman Sachs articulated in a research note today that shares of Juniper and profitability are being rare by Alcatel-Lucent’s entry into the market for routers that sit at the center of Internet providers, in addition to Cisco’s new Nexus 6000 switches and Palo Alto Networks Inc. (PANW)’s impetus in security firewalls. She reduces her rating on Juniper stock to sell from neutral, and inferior the price target to $17 from $21.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Extreme Networks, Inc (NASDAQ:EXTR) lost -1.69%, Palo Alto Networks Inc (NYSE:PANW) edged down -0.23%, Riverbed Technology, Inc. (NASDAQ:RVBD) which also decreased -0.54% and Globecomm Systems, Inc. (NASDAQ:GCOM) closed down -0.57%.
Juniper Networks, Inc. (NYSE:JNPR) stock’s trade at beginning with a price of $19.14 and throughout the trading session climbed at a high of $19.14 other than when day-trade ended the stock finally decreased -5.29% to $19.14.
The stock is going forward its 52 week low with 36.62% and lagging behind from its 52 week high price with -17.00%. JNPR last month stock price volatility remained 2.92%.
JNPR stock institutional ownership remained 90.94% while insider ownership included 0.42%. In its share capital JNPR has 509.43 million outstanding shares among them 488.13 million shares have been floated in market exchange.
Company’s beta coefficient included 1.69. Beta factors measures the amount of market risk associated with market trade.
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