A number of research firms have changed their ratings and price targets for Arista Networks (NYSE: ANET):

  • 8/9/2017 – Arista Networks had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $165.00 price target on the stock, up previously from $145.00.
  • 8/9/2017 – Arista Networks had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $145.00 price target on the stock, up previously from $120.00.
  • 8/9/2017 – Arista Networks had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $180.00 price target on the stock, up previously from $160.00.
  • 8/7/2017 – Arista Networks had its price target raised by analysts at Instinet from $135.00 to $173.00. They now have a “neutral” rating on the stock.
  • 8/7/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Argus.
  • 8/4/2017 – Arista Networks had its price target raised by analysts at Royal Bank Of Canada from $135.00 to $160.00. They now have a “sector perform” rating on the stock.
  • 8/4/2017 – Arista Networks had its price target raised by analysts at Barclays PLC from $185.00 to $200.00. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/4/2017 – Arista Networks was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.
  • 8/4/2017 – Arista Networks was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $186.00 price target on the stock, up previously from $144.00.
  • 8/4/2017 – Arista Networks had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $190.00 price target on the stock, up previously from $167.00.
  • 8/4/2017 – Arista Networks had its price target raised by analysts at Citigroup Inc. from $165.00 to $180.00. They now have a “buy” rating on the stock.
  • 8/4/2017 – Arista Networks had its price target raised by analysts at UBS AG from $150.00 to $165.00. They now have a “neutral” rating on the stock.
  • 8/4/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $168.00 price target on the stock, up previously from $145.00.
  • 7/27/2017 – Arista Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Arista is a dominant name in the data center networking market. The company’s strategy of leveraging merchant silicon from multiple suppliers has expanded product portfolio and increased its ability to offer products at cheaper prices. Moreover, ample cash balance provides it the flexibility required to pursue any growth strategy, whether by way of acquisitions or otherwise. The company has outperformed the industry on a year-to-date basis. However, the lawsuits with Cisco have been a major distraction for the company. It has been forced to bring much of its manufacturing in the U.S., which along with redesigning of products have not only increased lead-times but also hurt gross margin. Notably, the company has been barred to import products in the U.S. by International Trade Commission (ITC). We note that a ban on Arista products surely gives a competitive edge to Cisco at least in the near term. “
  • 7/25/2017 – Arista Networks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/21/2017 – Arista Networks had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $145.00 price target on the stock.
  • 7/17/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $165.00 price target on the stock, up previously from $156.00.
  • 7/14/2017 – Arista Networks had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $120.00 price target on the stock.
  • 7/12/2017 – Arista Networks had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $175.00 price target on the stock, up previously from $150.00.
  • 7/4/2017 – Arista Networks was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/4/2017 – Arista Networks was downgraded by analysts at Instinet from a “buy” rating to a “neutral” rating.
  • 7/4/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $150.00 price target on the stock.
  • 7/4/2017 – Arista Networks had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 6/25/2017 – Arista Networks had its “overweight” rating reaffirmed by analysts at Pacific Crest. They now have a $168.00 price target on the stock, up previously from $145.00.
  • 6/19/2017 – Arista Networks had its price target raised by analysts at BMO Capital Markets from $155.00 to $167.00. They now have an “outperform” rating on the stock.
  • 6/15/2017 – Arista Networks had its price target raised by analysts at Barclays PLC from $161.00 to $185.00. They now have an “overweight” rating on the stock.
  • 6/12/2017 – Arista Networks had its price target raised by analysts at Needham & Company LLC from $162.00 to $175.00. They now have a “buy” rating on the stock.

Shares of Arista Networks, Inc. (ANET) traded up 2.16% during mid-day trading on Friday, reaching $168.25. The company’s stock had a trading volume of 197,045 shares. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 43.42 and a beta of 1.33. Arista Networks, Inc. has a 12 month low of $75.06 and a 12 month high of $176.50. The company’s 50-day moving average is $155.07 and its 200 day moving average is $136.12.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.15. Arista Networks had a net margin of 21.74% and a return on equity of 22.64%. The company had revenue of $405.21 million for the quarter, compared to analysts’ expectations of $361.02 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. Arista Networks’s quarterly revenue was up 50.8% on a year-over-year basis. On average, equities analysts anticipate that Arista Networks, Inc. will post $4.68 EPS for the current year.

In related news, insider Jayshree Ullal sold 63,928 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $147.19, for a total transaction of $9,409,562.32. Following the transaction, the insider now owns 1,288 shares in the company, valued at $189,580.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anshul Sadana sold 12,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $154.51, for a total transaction of $1,854,120.00. Following the transaction, the insider now owns 99,841 shares in the company, valued at approximately $15,426,432.91. The disclosure for this sale can be found here. Insiders have sold 855,843 shares of company stock worth $138,552,273 in the last quarter. 28.09% of the stock is owned by corporate insiders.

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

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