S&P 500 Winners: Juniper Networks and Netflix Spike 7%
The S&P 500 (NYSEARCA:SPY) is ticking down 0.03% at 1,277. Solid news for these companies is leading to huge upside for shareholders.
Juniper Networks (NYSE:JNPR) will likely report an in-line quarter, according to a new note from Stifel Nicolaus. The firm states bookings from AT&T (NYSE:T) and Verizon (NYSE:VZ) appeared to pick up in December. JNPR shares recently traded at $21.86, up $1.43, or 7%. They have traded in a 52-week range of $16.67 to $45.01. Volume today was 8,070,621 shares versus a 3-month average volume of 9,724,900 shares. The company’s trailing P/E is 23.03, while trailing earnings are $0.95 per share.
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First Solar (NASDAQ:FSLR): New solar installations reached a fresh record of 7.5 gigawatts in Germany (NYSEARCA:EWG) in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers. FSLR shares recently traded at $36.66, up $1.39, or 3.94%. They have traded in a 52-week range of $29.87 to $175.45. Volume today was 1,388,986 shares versus a 3-month average volume of 4,389,120 shares. The company’s trailing P/E is 6.02, while trailing earnings are $6.09 per share.
Netflix (NASDAQ:NFLX) CEO Reed Hastings said in an interview the company expects to add millions of subscribers within a few years to its streaming video service that launched in the U.K. and Ireland today. Good luck with that! NFLX shares recently traded at $92.00, up $5.71, or 6.62%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 11,095,869 shares versus a 3-month average volume of 8,448,690 shares. The company’s trailing P/E is 20.91, while trailing earnings are $4.40 per share.
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