Arista Networks (ANET) Receives Price Target

Arista Networks (ANET) : The highest level Arista Networks (ANET) is projected to reach is $92 for the short term and the lowest estimate is at $40. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $75.84 and the possibility the share price can swing is $14.93.

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.


Also, Major Brokerage house, Citigroup maintains its ratings on Arista Networks (NYSE:ANET). In the latest research report, Citigroup raises the target price from $62 per share to $65 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 26, 2016.

Arista Networks (NYSE:ANET): The stock opened at $79.93 on Thursday but the bulls could not build on the opening and the stock topped out at $80.39 for the day. The stock traded down to $79.29 during the day, due to lack of any buying support eventually closed down at $79.67 with a loss of -0.01% for the day. The stock had closed at $79.68 on the previous day. The total traded volume was 672,804 shares.

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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