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Author: newsreporter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3454  
Subject: Analyst comments Date: 4/5/2010 4:49 PM
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Juniper: Wells Fargo Turns Bullish; Sees Earnings Upside

Wells Fargo analyst Jess Lubert this morning raised his rating on Juniper (JNPR) to Outperform from Market Perform, setting a valuation range of $36 to $38. Lubert now expects the company to post 2010 revenue of $3.91 billion and profits of $1.20 a share, up from $3.84 billion and $1.15; for 2011, Lubert’s new forecast is $4.48 billion and $1.50, up from $4.38 billion and $1.42.

For the March quarter, Lubert now sees $920 million in revenue and profits of 27 cents a share, up from $910 million and 26 cents.

“We think Juniper is benefiting from renewed carrier investment in routers needed to manage the ongoing
growth in network traffic,” Lubert writes. “We believe Juniper’s enterprise biz remains strong.”
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