5 Most Undervalued Cybersecurity Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 33

Juniper Networks, Inc. (NYSE:JNPR) sells network and Cloud security hardware and software solutions. Juniper Networks, Inc. (NYSE:JNPR)’s PE ratio as of June 30 is 20.71. Juniper Networks, Inc. (NYSE:JNPR) has gained about 10% over the past 12 months.

In April Juniper Networks, Inc. (NYSE:JNPR) posted first quarter results. Adjusted EPS in the quarter totaled $0.48 beating estimates by $0.05. Revenue in the period came in at $1.37 billion, beating estimates by $30 million.

Citi recently started covering Juniper with a Buy rating, citing Juniper Networks, Inc. (NYSE:JNPR)’s AI potential and gross margin expansion. Citi gave a $38 price target to Juniper Networks, Inc. (NYSE:JNPR). Citi analyst said that they expect gross margin expansion at Juniper due to supply chain normalization and software sales mix.

Juniper Networks, Inc. (NYSE:JNPR) however saw a sharp decline in hedge fund sentiment in the first quarter. A total of 33 hedge funds in Insider Monkey’s database reported owning stakes in Juniper Networks, Inc. (NYSE:JNPR) as of the end of March, compared to 44 hedge funds in the previous quarter.