10 Best Performing Cybersecurity Stocks in 2024

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

Year-to-Date Performance as of November 8: 32.62%

Number of Hedge Fund Holders: 45

Juniper Networks, Inc. (NYSE:JNPR), based in California, is a global leader in networking technology, offering a range of products from routers and switches to network management tools, security solutions, and software-defined networking. Its cybersecurity offerings include firewalls, malware protection, anti-malware software, and data center service gateways.

The company reported strong third-quarter results, driven by increased demand, particularly in cloud and AI networking. Its adjusted earnings per share reached $0.48, surpassing analyst expectations of $0.45, while revenue hit $1.33 billion, beating the forecast of $1.27 billion—though this marked a 5% decline from the previous year. CEO Rami Rahim highlighted the growth, noting, “We experienced strong demand during the September quarter, with total product orders growing nearly 60% year-over-year.”

Additionally, Juniper Networks, Inc. (NYSE:JNPR) declared a quarterly cash dividend of $0.22 per share, payable on December 23.