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Equities research analysts at JMP Securities began coverage on shares of Arista Networks (NASDAQ:ANET) in a research note issued to investors on Tuesday. The firm set an “outperform” rating and a $85.00 price target on the stock. JMP Securities’ price objective suggests a potential upside of 11.84% from the stock’s previous close.

Shares of Arista Networks (NASDAQ:ANET) opened at 76.00 on Tuesday. Arista Networks has a 52 week low of $55.00 and a 52 week high of $76.83. The stock’s 50-day moving average is $64.97 and its 200-day moving average is $64.97. The company has a market cap of $4.915 billion and a price-to-earnings ratio of 79.99.

Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company initiated coverage on shares of Arista Networks in a research note on Tuesday. They set an “outperform” rating and a $70.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Arista Networks in a research note on Tuesday. They set a “market perform” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Arista Networks in a research note on Tuesday. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $76.08.

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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