Juniper Networks Inc. (NASDAQ: JNPR) is one of our top tech stocks to buy with its perfect 4.75 VQScore.
Not only is the stock a breakout candidate according to our proprietary stock-ranking system, it's also plugged into the 5G revolution.
5G solves many problems with respect to data transmission and reliability. And this requires fast, reliable networks built and provided by Juniper.
Unfortunately – or fortunately, depending on your perspective – shares of Juniper have been trending lower on worries about macroeconomic data.
After peaking near $30 per share, the stock has dropped 10%, having difficulty getting out of correction territory.
That's an opportunity, in my opinion.
In the near term, analysts are expecting Juniper to grow profits by 14% from the current year to the next, but those numbers fail to incorporate the rapid deployment and evolution of 5G.
To the extent the economy continues expanding, my bet is that Juniper will blow away current estimates.
