Juniper Networks (JNPR) designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide.
The company operates in two segments, Platform Systems Division and Software Solutions Division. The Platform Systems Division segment primarily provides scalable routing and switching products that are used to control and direct network traffic. It offers ACX, E, M, MX, PTX, and T series routing products and services; switching products and services for EX series, wireless local area network solutions, and QFabric systems; branch SRX, branch firewall, and J series security/other products and services; and Junos Space, a network application platform.
The Software Solutions Division segment offers software solutions focused on network security and network services applications. Its products include SRX series services gateways for data centers; SSG, ISG, and NetScreen series firewall and VPN systems and appliances; Junos Pulse, Junos Pulse mobile security suite, and SA series secure access appliances; routing services software and mobile applications, such as MobileNext.
The company sells its products and service through direct sales, as well as through distributors, value-added resellers, and original equipment manufacturer partners.
Shares have formed a bullish "flag" and are in the process of moving higher out of this formation. The bullish move comes after the firm reported stronger than expected earnings. Furthermore, there are investors who are pushing the firm to return cash to investors either in form of share buybacks or a dividend!
52-Week Trading Range: $15.62 - $28.75
Last Trade: $27.40
Stop Loss: $26.03
Target Price: $30.14
We are closing the JNPR trade after it failed to reach our target price in less than 30 days.