Barclays analyst Tim Long maintained a Buy rating on Arista Networks (ANET – Research Report) today and set a price target of $320.00. The company’s shares closed yesterday at $291.67.
Long covers the Technology sector, focusing on stocks such as Apple, Arista Networks, and Cisco Systems. According to TipRanks, Long has an average return of 12.7% and a 63.04% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $304.81 average price target, representing a 4.51% upside. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $320.00 price target.
Based on Arista Networks’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.57 billion and a net profit of $637.69 million. In comparison, last year the company earned a revenue of $1.35 billion and had a net profit of $436.47 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Arista Networks (ANET) Company Description:
Incorporated in 2004, Arista Networks, Inc. is a computer networking company based in California. The company is engaged in the development, marketing, and sale of cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
Read More on ANET:
