5 Best Communication Equipment Stocks to Buy Now

California-based Juniper Networks makes networking equipment and connectivity software. The company started to shift towards software-defined networking technology a few years back. Over the last 6 months, Juniper stock has gained over 7%. The company recently announced it will acquire internet-based networking and automated closed loop assurance company Apstra, without disclosing the details of the financial terms. In the third quarter, Juniper revenue totaled $1.13 billion, a 5% growth over the previous quarter. Net income, however, fell 13% on a year-over-year basis to reach $144.4 million.

A total of 30 hedge funds held stakes in Juniper entering the fourth quarter. The total value of these investments is $454.74 million.