JNPR Stock to Gain More on This Growth Trend
FOREX INVESTORS BUZZ Juniper Networks Stock Today’s stock represents one of the most promising strategies for investors: venture capital stocks. These are the stocks of companies that supply their products and services to an entire range of industries, and benefit from the growth in a popular technology trend.
Such companies stand to benefit from their innovative solutions making it to a number of enterprises and participating in the secular growth trend.
The network infrastructure market is competitive, and is characterized by rapid change.
With the industry undergoing a lot of transformation, Juniper Networks is innovating to capitalize on the tremendous opportunities in the networking market. With workloads and applications shifting to the cloud and network automation, the demand for Juniper products and services should continue to grow.
As per a report by International Data Corporation (IDC), spending on public cloud services and infrastructure is likely to reach $122.5 billion this year, which is an increase of 24.4% over the previous year. (Source: “Worldwide Public Cloud Services Spending Forecast to Reach $122.5 Billion in 2017, According to IDC,” International Data Corporation , February 20, 2017)
Juniper stock has been posting a good run lately, and is up almost 28% over last year. Over the last five years, the stock has gained more than 86%.
Juniper Networks Stock
Given the improved outlook for the networking equipment market, JNPR stock has a long-term positive bias. The year 2016 was challenging for the company, but the business and the financials have been improving since then.