Arista Networks Now Covered by Analysts at Credit Suisse (ANET)
Equities research analysts at Credit Suisse initiated coverage on shares of Arista Networks (NASDAQ:ANET) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
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 price-to-earnings ratio of 80.19.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley initiated coverage on shares of Arista Networks in a research note on Tuesday. They set an “overweight” rating on the stock. Separately, 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. Finally, analysts at JMP Securities initiated coverage on shares of Arista Networks in a research note on Tuesday. They set a “market perform” rating and a $85.00 price target on the stock. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $74.78.
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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