The telecom equipment group is a bright spot in an otherwise down market.

Juniper Networks is leading the charge after Elliott Management confirmed that it owns a 6.2% stake. Elliott is recommending share buy-backs, dividend payouts and other measures to unlock value that should boost Juniper shares to between $35 and $40.  Rivals F5 Networks, Cisco Systems and others are rising in sympathy:

Bucking a Down Market

Ticker

Security

Last

Change

%Chg

(JNPR)

Juniper Networks, Inc.

25.62

2.08

8.85%

(FFIV)

F5 Networks, Inc.

92.45

3.93

4.44%

(PLCM)

Polycom, Inc.

11.74

0.13

1.12%

(CMTL)

Comtech Telecommunications Corp.

32.39

0.16

0.50%

(CSCO)

Cisco Systems, Inc.

22.32

0.10

0.45%

(HLIT)

Harmonic Inc.

7.30

0.01

0.07%