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Arista Networks (NASDAQ: ANET) received a number of price target changes and ratings updates during the last week:

  • Arista Networks had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $90.00 price target on the stock, up previously from $70.00.
  • Arista Networks had its price target raised by analysts at RBC Capital from $77.00 to $82.00. They now have an “outperform” rating on the stock.
  • Arista Networks had its price target raised by analysts at Pacific Crest from $73.00 to $85.00. They now have an “outperform” rating on the stock.
  • Arista Networks had its price target raised by analysts at JMP Securities from $85.00 to $95.00.
  • Arista Networks had its price target raised by analysts at ISI Group from $80.00 to $90.00. They now have a “strong-buy” rating on the stock.
  • Arista Networks was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Arista Networks had its price target raised by analysts at Cowen and Company from $70.00 to $85.00.
  • Arista Networks had its price target raised by analysts at Needham & Company LLC from $75.00 to $90.00.

Arista Networks Inc (NASDAQ:ANET) traded up 1.20% on Monday, hitting $70.66. The stock had a trading volume of 120,826 shares. Arista Networks Inc has a 1-year low of $55.00 and a 1-year high of $80.53. The stock has a 50-day moving average of $68.2 and a 200-day moving average of $67.12. The company has a market cap of $4.569 billion and a price-to-earnings ratio of 79.16.

Arista Networks (NASDAQ:ANET) last released its earnings data on Thursday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.22. The company had revenue of $137.90 million for the quarter, compared to the consensus estimate of $125.26 million. During the same quarter last year, the company posted $0.20 earnings per share. Arista Networks’s revenue was up 65.1% compared to the same quarter last year. On average, analysts predict that Arista Networks Inc will post $1.22 earnings per share for the current fiscal year.

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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