20 Best Data Center Stocks to Buy According to Billionaires

12. Juniper Networks Inc. (NYSE:JNPR)

Number of Billionaire Investors: 14

Billionaire Holdings: $361 million

Number of Hedge Fund Holders: 56

Juniper Networks Inc. (NYSE:JNPR) develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology.

On January 30, 2025, the U.S. Department of Justice filed a complaint seeking to block the closing of the $14 billion ($40 per share) acquisition of Juniper Networks Inc. (NYSE:JNPR) by Hewlett Packard Enterprise Company (HPE) which was announced last year. Both companies have planned to vigorously defend the transaction and remain fully committed to completing it. That said, Juniper Networks Inc. (NYSE:JNPR) continued to report healthy financial performance. In its preliminary Q4 2024, the company reported net revenues of $1.4 billion, an increase of 3% year-over-year. With a higher adjusted operating margin of 19.2%, net income stood at around $217 million, an increase of 10% year-over-year. The company hasn’t provided any future guidance due to the proposed acquisition.

Following the results, a Barclays analyst raised his price target on the shares to $39 from $37 and maintained his Equal Weight rating citing better-than-expected Q4 earnings due to Cloud and Enterprise growth and higher gross margin.