Retirement Stock Portfolio: 12 Safe Tech Stocks To Consider

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

Beta Value: 0.92

Dividend Yield: 2.27%

Number of Hedge Fund Holders: 45

Juniper Networks, Inc. (NYSE:JNPR), headquartered in California, is a global networking company specializing in the development and marketing of networking products, including routers, switches, network management tools, security solutions, and software-defined networking technologies.

Citi recently resumed coverage on Juniper Networks, Inc. (NYSE:JNPR) with a Neutral rating and a price target of $40.00, following a break in coverage and a review of the company’s Q3 2024 financial results. Citi has revised its financial model, forecasting a 12% year-over-year sales decline for FY 2024, followed by a 3% increase in FY 2025. These estimates differ slightly from consensus expectations of a 10% decrease and a 4% increase, respectively. Additionally, Citi’s analysis includes the potential effects of Juniper Networks’ planned $14 billion acquisition by Hewlett Packard Enterprise, which is expected to close between late 2024 and early 2025.

Juniper Networks, Inc. (NYSE:JNPR) has also made strides in AI-Native Networking, enhancing its data center solutions to improve network visibility, analytics, and automation. These updates are aimed at reducing deployment times and operational costs. The company has also invested in Quantum Bridge Technologies to strengthen defenses against quantum computing threats.

In Q2 2024, 45 hedge funds held positions in Juniper Networks, Inc. (NYSE:JNPR), with total holdings valued at $1.114 billion. Pentwater Capital Management is the largest shareholder, with 8.875 million shares valued at $323.582 million as of June 30.