Several analysts have recently updated their ratings and price targets for Arista Networks (NYSE: ANET):

  • 9/29/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $200.00 price target on the stock.
  • 9/28/2017 – Arista Networks was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $190.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/27/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $215.00 price target on the stock.
  • 9/26/2017 – Arista Networks is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $225.00 price target on the stock.
  • 9/23/2017 – Arista Networks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/20/2017 – Arista Networks was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $210.00 price target on the stock, up previously from $125.00.
  • 9/19/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $176.00 price target on the stock.
  • 9/12/2017 – Arista Networks had its “outperform” rating reaffirmed by analysts at BMO Capital Markets.
  • 9/12/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $175.00 price target on the stock.
  • 8/15/2017 – Arista Networks had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $185.00 price target on the stock, up previously from $155.00.
  • 8/14/2017 – Arista Networks had its “outperform” rating reaffirmed by analysts at William Blair.
  • 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.

Arista Networks, Inc. (NYSE:ANET) traded down 0.42% on Wednesday, reaching $188.62. The company’s stock had a trading volume of 66,984 shares. The stock has a market cap of $13.68 billion, a P/E ratio of 48.68 and a beta of 1.31. The stock has a 50-day moving average of $178.41 and a 200-day moving average of $154.81. Arista Networks, Inc. has a one year low of $78.82 and a one year high of $193.24.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.95 by $0.15. Arista Networks had a return on equity of 22.64% and a net margin of 21.74%. The firm had revenue of $405.21 million during the quarter, compared to analyst estimates of $361.02 million. During the same period in the prior year, the business posted $0.74 EPS. Arista Networks’s revenue was up 50.8% on a year-over-year basis. On average, analysts predict that Arista Networks, Inc. will post $4.70 EPS for the current fiscal year.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.47, for a total transaction of $380,940.00. Following the transaction, the senior vice president now owns 13,002 shares of the company’s stock, valued at $2,476,490.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anshul Sadana sold 12,000 shares of Arista Networks stock in a transaction that occurred on 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 directly 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 426,117 shares of company stock worth $73,084,005 over the last quarter. 28.09% of the stock is owned by company 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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