Coatue’s 35 Most Important AI Stocks

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

Number of Hedge Fund Holders: 47

Juniper Networks, Inc. (NYSE:JNPR) designs, develops and sells network products and services worldwide. This company is an exceptional investment option for various reasons. The report for the third quarter of 2024 shows a strong picture of the company’s financial growth. For instance, net revenues were $1,331 million, showing an increase of 12% sequentially. GAAP operating margin was 7.1%, an increase from 6.3% in the third quarter of the prior year and an increase from 3.8% in the second quarter of 2024. This performance was driven by strong demand for networking equipment, particularly from cloud customers investing in AI infrastructure. The company has also been selected by AI pioneer ionstream to provide data center switching and automated operations for its AI-managed services to enterprises.

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