10 Best Cybersecurity Stocks To Buy According To Hedge Funds

8. Juniper Networks, Inc. (NYSE:JNPR)

Number of Hedge Fund Investors  in Q1 2024: 45

Juniper Networks, Inc. (NYSE:JNPR) is a networking products and cybersecurity services provider. Its cybersecurity platform includes firewalls, malware protection, anti malware software, and service gateways for data centers. The fact that Juniper Networks, Inc. (NYSE:JNPR) provides both hardware and software makes it less vulnerable to the erratic nature of the enterprise software industry where deals are often pushed to the latter half of the year. Through its hardware, Juniper Networks, Inc. (NYSE:JNPR) can count on businesses to regularly update their hardware either for maintenance related upgrades or generational upgrades. The firm’s shares soared by a whopping 25% in January 2024 after HP Enterprise announced that it would buy Juniper Networks, Inc. (NYSE:JNPR) for a $14 billion price tag. The stocks could see fireworks in the future if any interesting news surfaces related to the deal.