The Latest Breaking News from Juniper

The growing dependence on the internet and cloud-based solutions in this digital era is bolstering the prospects of the networking industry. With analysts expecting significant growth in the coming years, networking stocks like Juniper (JNPR), Extreme Networks (EXTR), and Nokia (NOK) are ideal additions to one’s portfolio now.

Small-cap tech stocks have struggled recently, with the tech sector representing the No. 2 detractor from the Russell 2000 this year.

Juniper Networks, a maker of computer network gear sold to telecom service providers and large companies, is the IBD Stock of the Day.

Western Australia records 51 local cases of COVID-19 among a total of 99 new infections, with the Premier also announcing the death of an unvaccinated man in his 70s at Joondalup Hospital.

There have now been eight confirmed cases of COVID-19 at an aged care home in Perth's south as Western Australia records its highest number of new local cases since the start of the pandemic.

A resident and a staff member at a nursing home in Perth's south test positive to the Omicron strain of COVID-19, with the facility closing its doors to visitors.

Juniper Networks reported fourth-quarter revenue that topped Wall Street estimates while guidance met expectations. Shares surged.