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Bank of America initiated coverage on shares of Arista Networks (NASDAQ:ANET) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse initiated coverage on shares of Arista Networks in a research note on Tuesday. They set an “outperform” rating and a $90.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Arista Networks in a research note on Tuesday. They set an “overweight” rating and a $77.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Arista Networks in a research note on Tuesday. They set an “overweight” rating and a $75.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $76.08.

Shares of Arista Networks (NASDAQ:ANET) opened at 62.39 on Tuesday. Arista Networks has a 52 week low of $55.00 and a 52 week high of $72.63. The stock’s 50-day moving average is $64.32 and its 200-day moving average is $64.32. The company has a market cap of $4.034 billion and a P/E ratio of 79.99.

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.

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