StockCall Scrutinizes Juniper Networks, Riverbed Technology, Finisar, and Aruba Networks

Mar 28, 2013, 08:20 ET from

LONDON, March 28, 2013 /PRNewswire/ --

The U.S. economy has shown signs of a robust recovery since the start of this year. A great deal of economic uncertainty also ended at the start of this year after lawmakers signed a last-minute fiscal cliff deal. Improving economic outlook has boosted business confidence and this is likely to lead to higher technology spending. This augurs well for networking & communication devices manufacturers such as Juniper Networks Inc. (NYSE: JNPR), Riverbed Technology Inc. (NASDAQ: RVBD), Finisar Corporation (NASDAQ: FNSR), and Aruba Networks Inc. (NASDAQ: ARUN). Technology stocks ended on a mixed note on Wednesday as the broad market came under pressure amid worries over the Eurozone debt crisis. StockCall reviewed the Networking & Communication Devices industry and chose JNPR, RVBD, FNSR, and ARUN for its technical coverage. These free reports can be seen for free at

Shares of Juniper Networks Inc. edged higher in Wednesday's trading session; however, the gains were limited. The stock rose to an intra-day high of $18.79 before finishing the day 0.11% higher at $18.67. Juniper's shares have struggled over the past one month, falling 8.75%. However, the stock seems to have found support at around $18.50. Year-to-date, the stock is now down more than 5%. The stock's MACD is still trading well below the signal line and the zero-line, which is strong bearish signal. Download the free research on JNPR by signing up now at

Shares of Riverbed Technology Inc. rose sharply in yesterday's trading session, extending their gains from previous sessions. The stock closed 1.50% higher at $14.91, taking its gains in the last three sessions to over 2.30%. Despite recent gains, Riverbed Technology shares have fallen more than 24% this year. The stock is currently trading well below its 50-day and 200-day moving averages, which is a strong bearish signal. The company's shares currently face stiff resistance at around $15. Register for today's free analysis on RVBD at

Finisar Corporation shares edged lower in trading on Wednesday, extending their losses from previous trading sessions. The stock closed 0.37% lower at $13.30 after touching an intra-day low of $13.01. Finisar's shares have fallen more than 1% in the last three sessions. The stock is currently trading more than 35% below its 52-week high of $20.54. Year-to-date, its shares have now fallen more than 18%. The stock is also trading below its 50-day and 200-day moving averages. The stock's MACD is currently trading below the signal line and the zero-line, which is a bearish signal. Free report on FNSR can be accessed by registering at  

Aruba Networks Inc.'s shares struggled in trading on Wednesday. The stock closed 1.09% lower at $25.43 paring most of its gains for the week. The stock is now up just 0.79% for the week. Aruba's shares have had an excellent run so far in 2013, gaining more than 22.60%. However, the stock has traded sideways over the past one month, struggling to break through $26 resistance level. Its shares currently have strong support at around $25. The stock is trading well above its 50-day and 200-day moving averages. Register with StockCall and download the research on ARUN for free at

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