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Stock analysts at Oppenheimer began coverage on shares of Arista Networks (NASDAQ:ANET) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.

Arista Networks (NASDAQ:ANET) opened at 62.39 on Tuesday. Arista Networks has a 1-year low of $55.00 and a 1-year high of $72.63. The stock has a 50-day moving average of $64.32 and a 200-day moving average of $64.32. The company has a market cap of $4.034 billion and a P/E ratio of 80.19.

Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Arista Networks in a research note on Tuesday. They set a “hold” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Arista Networks in a research note on Tuesday. They set a “buy” rating on the stock. Finally, analysts at Needham & Company LLC initiated coverage on shares of Arista Networks in a research note on Tuesday. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $73.25.

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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