Northland Securities Reiterates Market Perform Rating for Arista Networks (ANET)
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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