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Arista Networks (NASDAQ:ANET)‘s stock had its “market perform” rating reaffirmed by equities researchers at Northland Securities in a research report issued on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of Arista Networks in a research note on Friday. They set a “neutral” rating on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of Arista Networks in a research note on Tuesday, July 1st. They set an “outperform” rating and a $73.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Arista Networks in a research note on Tuesday, July 1st. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $76.64.

Arista Networks (NASDAQ:ANET) opened at 65.61 on Monday. Arista Networks has a 52-week low of $55.00 and a 52-week high of $80.53. The stock has a 50-day moving average of $67.10 and a 200-day moving average of $66.20. The company has a market cap of $4.243 billion and a P/E ratio of 84.12.

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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