Arista Networks Coverage Initiated by Analysts at Bank of America (ANET)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.