Arista Networks (NYSE: ANET) recently received a number of ratings updates from brokerages and research firms:

  • 2/7/2018 – Arista Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Arista is a dominant name in the data center networking market. Shares of the company have outperformed the industry over the past one year. The company’s robust product portfolio remains a key catalyst. Arista is benefiting from strong demand for 100-gigabit routing and switching products, particularly from cloud titans. Management stated that FlexRoute license (almost 150 customers) has helped the company enter additional layers of the spine for routing and data-center interconnect, where Cisco and Juniper were dominant names. Moreover, ample cash balance provides Arista the flexibility required to pursue any growth strategy, whether by way of acquisitions or otherwise. However, Arista faces stiff competition in the cloud networking solutions, particularly in the 10 Gigabit Ethernet and above. Moreover, ongoing lawsuits with Cisco are the primary headwind.”
  • 2/7/2018 – Arista Networks is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $320.00 price target on the stock.
  • 1/29/2018 – Arista Networks is now covered by analysts at Loop Capital. They set a “hold” rating and a $250.00 price target on the stock.
  • 1/26/2018 – Arista Networks had its price target raised by analysts at JMP Securities from $230.00 to $315.00. They now have a “market perform” rating on the stock.
  • 1/24/2018 – Arista Networks had its price target raised by analysts at Citigroup Inc from $275.00 to $315.00. They now have a “buy” rating on the stock.
  • 1/23/2018 – Arista Networks had its price target raised by analysts at Morgan Stanley to $310.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – Arista Networks was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $245.00 price target on the stock.
  • 1/10/2018 – Arista Networks had its price target raised by analysts at Needham & Company LLC from $230.00 to $300.00. They now have a “buy” rating on the stock.
  • 1/8/2018 – Arista Networks had its price target raised by analysts at Oppenheimer Holdings Inc. from $200.00 to $270.00. They now have an “outperform” rating on the stock.
  • 12/21/2017 – Arista Networks had its price target raised by analysts at Morgan Stanley from $210.00 to $260.00. They now have an “overweight” rating on the stock.
  • 12/18/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $275.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/14/2017 – Arista Networks had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $270.00 price target on the stock.
  • 12/14/2017 – Arista Networks had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $240.00 price target on the stock, up previously from $213.00.

Arista Networks Inc (NYSE:ANET) traded up $11.99 during midday trading on Monday, hitting $284.54. The stock had a trading volume of 1,270,395 shares, compared to its average volume of 881,382. The stock has a market cap of $20,800.00, a PE ratio of 59.03, a PEG ratio of 2.10 and a beta of 1.47. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. Arista Networks Inc has a fifty-two week low of $98.62 and a fifty-two week high of $289.07.

In other news, insider Andreas Bechtolsheim sold 132,370 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $240.17, for a total transaction of $31,791,302.90. Following the completion of the transaction, the insider now directly owns 73,102 shares in the company, valued at approximately $17,556,907.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marc Taxay sold 2,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $275.31, for a total value of $550,620.00. Following the transaction, the senior vice president now owns 12,294 shares of the company’s stock, valued at $3,384,661.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,683 shares of company stock valued at $92,010,804. Company insiders own 28.09% of the company’s stock.

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

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