Jim Cramer Discussed These 11 Stocks & Erratic Stock Market Performance

2. Juniper Networks, Inc. (NYSE:JNPR)

Number of Hedge Fund Holders In Q3 2024: 56

Juniper Networks, Inc. (NYSE:JNPR) is a computer hardware company that sells networking equipment, routers, adapters, and other associated items. The firm has been embroiled in a takeover bid by Hewlett Packard Enterprise for more than a year. Its shares dipped by 11% in January after reports and then a confirmation of a Department of Justice (DOJ) lawsuit to block HPE’s acquisition. For his part, Cramer believes that the government is unaware of the nature of Juniper Networks, Inc. (NYSE:JNPR)’s business. Here is what he said:

“[On HP and JNP deal blocked by Trump admin] I think that shows the ill-advised nature of how tech works. I think it was, at one point, when I got out of Harvard Law I would have said stupid, but I’ve learned you don’t use those words. It just seems to be a suboptimal level of thinking. They don’t seem to understand what Juniper does, and what HPE does. And I urge them to look at the actual businesses that HPE competes in and they would know that this is something that won’t necessarily give them a leg up against some very difficult competitors. They should at least call Kevin Johnson, they don’t even know the bases of Juniper from way back. I thought that when I saw that, I said jeez, they’re so ill-informed about tech. Mr. Neri, I had him on the show, he’s the CEO of HPE . . .explained it to me, I did a lot of work ahead of the interview and I found myself thinking, wow, who are these lawyers.”