Arista Networks (ANET) Receives a Hold from Rosenblatt Securities


In a report released today, Ryan Koontz from Rosenblatt Securities reiterated a Hold rating on Arista Networks (ANET), with a price target of $260. The company’s shares closed yesterday at $250.07.

Koontz observed:

“We estimate 2H19 hyperscale spending to return to double digit growth (+10% to +15% y/y). We remain cautious about the time required for Arista to achieve broad traction in the enterprise campus market. Our Friday flash note link is here.”

According to TipRanks.com, Koontz is a 4-star analyst with an average return of 15.2% and a 66.7% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, CommScope Holding, and Juniper Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $309.80 average price target, representing a 23.9% upside. In a report issued on June 7, Morgan Stanley also maintained a Hold rating on the stock with a $275 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $331.27 and a one-year low of $187.08. Currently, Arista Networks has an average volume of 1M.

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. Its cloud networking solutions consist of Extensible Operating System, a set of network applications; and Ethernet switching and routing platforms.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts