He owned Western Digital a few years ago. He still follows it, but finds there are other players, like Juniper or Cisco, who are better investments today.
They had a good beat on earnings and they seem to be turning the corner. The sector as a whole in the router world is critical to future growth of the internet. He would prefer to diversify his risk through an internet ETF.
Internet infrastructure. They are the leader in the fast-growing IP networking sector and are gaining market share. They are going to realize increase sales into 2016 from services cloud and security. Last quarter they reported an earnings surprise 31% above consensus estimates. Trading at 13X forward earnings. You are getting a 12% growth rate. Dividend yield of 1.55%.
Chart shows a long basing pattern of $14.50-$24. If you are a trader, try to pick it up at the lower part of the band and then sell at the upper end. Once you get out of the band, there are several places where you will have support resistance.
Juniper Networks is a American stock, trading under the symbol JNPR-N on the New York Stock Exchange (JNPR). It is usually referred to as NYSE:JNPR or JNPR-N
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On 2024-11-21, Juniper Networks (JNPR-N) stock closed at a price of $35.43.