J.P. Morgan's Expectations for Juniper Networks

In a research report released this morning by J.P. Morgan, Juniper Networks

is set to see weak CapEx spending, which may weight on JNPR's overall Q1 results. According to J.P. Morgan, "We expect weak CapEx spending and enterprise seasonality to weigh on Juniper's overall Q1'12 results but see some possibility for better Q2 guidance. Backed by our recent CapEx analysis, we anticipate Juniper will benefit from more normal CapEx seasonality in 2012, but don't think Juniper is as well positioned as some of its peers. We remain cautious on the uncertain ramp of Juniper's new products such as QFabric and PTX and believe the T4000 won't start ramping until at least Q4'12." Juniper Networks closed Friday at $20.60.