Juniper Networks Inc. has announced that Standard & Poor’s (S&P) has added it to the S&P 500 Index. Juniper, which provides Internet protocol networking products and services, said the addition was effective at the close of trading on June 1.
Juniper replaces Albertson's, which is being acquired by Supervalu Inc. and CVS Corp., both S&P 500 constituents.
"We are proud that Juniper has been added to the S&P 500. This recognition is a result of our steady growth achieved through focused execution and the continued confidence of our customers," said Scott Kriens, chairman and chief executive officer.
Juniper shares closed down 52 cents, or 3 percent, at USD 16.95 on the Nasdaq. They shares have ranged between USD 14.33 and USD 27.65 over the past year.
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