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Top Wall Street Strategist Says Buy These 5 Safe Dividend-Paying Tech Stocks Now

Juniper Networks also provides switching products, including EX series Ethernet switches to address the access, aggregation and core layer switching requirements of micro branch, branch office, and campus environments; QFX series of core, spine and top-of-rack data center switches; and Juniper access points, which provide wireless access and performance.

In addition, the company offers security products including SRX series services gateways for the data center; Branch SRX family provides an integrated firewall and next-generation firewall; virtual firewall that delivers various features of physical firewalls; and advanced malware protection, a cloud-based service and Juniper ATP.

Investors receive a 2.48% dividend. BofA Securities has set a $34 price target. The consensus target for Juniper Networks stock is $27.53. The shares were closed on Wednesday at $33.19.

Seagate

This disk drive giant is hitting on all cylinders and looks reasonable at current trading levels. Seagate Technology Holdings PLC (NASDAQ: STX) provides data storage technology and solutions in Singapore, the United States, the Netherlands and elsewhere.

The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI and non-volatile memory express products; solid state hybrid drives; and storage subsystems. Its products are used in enterprise servers and storage systems and edge compute and non-compute applications.

Seagate also provides an enterprise data solutions portfolio, comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers and scale-out storage servers and original equipment manufacturers. In addition, it offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 16 terabytes.

Shareholders receive a 2.61% dividend. The Seagate Technology stock price target at BofA Securities is $130, well above the $102.90 consensus target. The shares closed at $104.83 on Wednesday.


These five top technology companies hit all the BofA Securities metrics and also pay out solid and dependable dividends. Given the recent market volatility, it may make sense to scale buy into a position in one or more of these top companies. While at the margin they may be somewhat “safer” ideas, with all the current issues both geopolitical and domestic, there still is an excellent chance we could see more downside action, so caution is advised now.

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