Arista Networks (ANET) Gets a Buy Rating from Oppenheimer


In a report released yesterday, Ittai Kidron from Oppenheimer maintained a Buy rating on Arista Networks (NYSE: ANET). The company’s shares closed yesterday at $264.56.

According to TipRanks.com, Kidron is a top 100 analyst with an average return of 24.1% and a 65.0% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Juniper Networks, Pure Storage Inc, and F5 Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arista Networks with a $296.42 average price target, representing a 12.0% upside. In a report issued on August 3, D.A. Davidson also maintained a Buy rating on the stock with a $312 price target.

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Based on Arista Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $151 million. In comparison, last year the company had a net profit of $102 million.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2018, Andreas Bechtolsheim, the CDO of ANET sold 50,000 shares for a total of $13,936,736.

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, Inc. engages in the development, marketing, and sale of cloud networking solutions. It operates through the following geographical segments: United States; Other Americas; Europe, Middle East, and Africa; and Asia Pacific.

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