Barclays Initiates Coverage on Arista Networks (ANET)
Equities research analysts at Barclays started coverage on shares of Arista Networks (NASDAQ:ANET) in a research note issued to investors on Tuesday. The firm set an “overweight” rating and a $75.00 price target on the stock. Barclays’ price target would suggest a potential upside of 20.21% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $74.78.
Shares of Arista Networks (NASDAQ:ANET) opened at 62.39 on Tuesday. Arista Networks has a one year low of $55.00 and a one year 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 80.19.
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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