Arista Networks (ANET) Receives Analyst Rating

Arista Networks (ANET) : Zacks Investment Research ranks Arista Networks (ANET) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.07, which indicates as a Buy.

Arista Networks (ANET) : Currently there are 11 street experts covering Arista Networks (ANET) stock. The most bullish and bearish price target for the stock is $92 and $40 respectively for the short term. The average price target of all the analysts comes to $76.75. The estimated standard deviation from the target is $14.85.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Arista Networks (NYSE:ANET). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $62 per share to $65 per share. The rating by the firm was issued on August 26, 2016.

Arista Networks (NYSE:ANET): After opening at $82.53, the stock dipped to an intraday low of $82.19 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $84.69 and the buying power remained strong till the end. The stock closed at $84.43 for the day, a gain of 1.56% for the day session. The total traded volume was 679,396. The stocks close on the previous trading day was $83.13.

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.

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