AI News Investors Should Not Miss

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

Number of Hedge Fund Holders: 45

Juniper Networks, Inc. (NYSE:JNPR) designs, develops, and sells network products and services worldwide. The company is playing the AI space through the manufacture and marketing of networking and cybersecurity products. Citi recently resumed coverage of Juniper Networks, Inc. (NYSE:JNPR) stock with a Neutral rating and $40 price target. Following the Q3 results of the firm, the advisory updated its model, targeting the company’s sales to decline by 12% in FY24 but grow by 3% in FY25 against the Street estimates of a 10% decline and 4% growth respectively. Citi said it was positive on Juniper’s enterprise AI focus and opportunities for gross margin expansion.