Juniper Networks, Inc. (JNPR) in Sunnyvale, Calif., is a leading networking and security solutions provider whose product portfolio includes ACX series universal access routers, EX-series Ethernet switches, and SRX series services gateways. On Oct. 26, 2021, the company said that the semiconductor shortage and ongoing component and supply chain challenges are expected to persist for the coming quarters. However, the company believes that it will have access to sufficient supplies of semiconductors and other components to meet its financial forecast. Its revenue is expected to be roughly $1.27 billion for the fourth quarter, ended Dec. 31, 2021.
JNPR’s shares soared to hit their 52-week price high of $36.03 on January 11, 2022, after BofA Global Research upgraded its rating to ‘buy’ from ‘underperform.’ The stock has gained 19.7% in price over the past three months and 3.3% over the past month to close the last trading session at $34.64.
