Brokerage Firm Rating Update on Arista Networks (ANET)

Arista Networks (ANET) has an average broker rating of 2.07, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 considers that the stock is a Sell.

Arista Networks (ANET) : 11 Wall Street analysts covering Arista Networks (ANET) believe that the average level the stock could reach for the short term is $76.75. The maximum price target given is $92 and the minimum target for short term is around $40, hence the standard deviation is calculated at $14.85.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Citigroup maintains its rating on Arista Networks (NYSE:ANET). As per the latest information, the brokerage house raises the price target to $65 per share from a prior target of $62. The shares have been rated Neutral. The rating by the firm was issued on August 26, 2016.

Arista Networks (NYSE:ANET): The stock opened at $80.88 and touched an intraday high of $81.84 on Wednesday. During the day, the stock corrected to an intraday low of $80.7163, however, the bulls stepped in and pushed the price higher to close in the green at $81.35 with a gain of 0.20% for the day. The total traded volume for the day was 430,970. The stock had closed at $81.19 in the previous trading session.

Arista Networks, Inc. is a supplier of cloud networking solutions that use software to address the needs Internet companies, cloud service providers and next-generation data centers for enterprises. The Companys cloud networking solutions consist of its Extensible Operating System (EOS) a set of network applications and its 10/40/100 Gigabit Ethernet switches. The Company offers range of product lines of data center 10/40/100 Gigabit Ethernet switches in the industry, which consist of its 7050 Series and 7150 Series top-of-rack switches, 72XX/7300 X Series SPLINE switches and its 7280 and 7500 E Series spine switches. EOS supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks. The Company also offers EOS+, a software platform for network programmability and automation.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.