Juniper Networks (NYSE:JNPR) Q4 Results Probably on High End of Guidance Says Wells Fargo (NYSE:WFC)

Wells Fargo (NYSE:WFC) said they see the fourth quarter results of Juniper Networks (NYSE:JNPR) coming in on the high end of guidance.

Wells says, "We expect Juniper to report CQ4 2010 results during the third week of January. We believe Juniper is likely to report Q4 results towards the high end of guidance and above our in line with consensus Q4E. While Q1 guidance is likely to reflect March quarter seasonality, we expect qualitative commentary regarding the ramp of new products and end market demand to drive consensus estimates higher post the call."

Wells Fargo reiterates an "Outperform" on Juniper Networks, which closed Monday at $37.61, up $0.02, or 0.05 percent. They have a valuation range of $41-$43 on Juniper.