NEW YORK (TheStreet) -- Shares of Juniper Networks (JNPR) - Get Report  were gaining in late-afternoon trading on Monday as the company is slated to report fiscal 2016 third-quarter results after tomorrow's closing bell. 

Analysts surveyed by FactSet are forecasting adjusted earnings of 52 cents per share on revenue of $1.25 billion. 

For the same period last year, the Sunnyvale, CA-based high-performance networks service company earned 57 cents per diluted share and $1.25 billion in revenue. 

Drexel Hamilton analysts said they expect Juniper to "at least meet" Wall Street's expectations. 

The firm has a "buy" rating and $36 price target on shares of the company. 

Juniper got off to a weak start in 2016 given slowing demand in the enterprise networking market, but the firm said the company continues to innovate with a healthy product cycle. 

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Drexel believes Juniper stands to benefit in 2017 from the ongoing merger between AT&T (T) and Time Warner (TWX) as similar acquisitions tend to open up the potential for more networking equipment spending. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

The team rates Juniper Networks as a Buy with a ratings score of B. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. The team feels its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: JNPR

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