.jpg "Arista Networks (ANET) Receives a Hold from Raymond James")
In a report released yesterday, Simon Leopold from Raymond James maintained a Hold rating on Arista Networks (ANET). The company’s shares closed last Thursday at $308.85, close to its 52-week high of $326.20.
According to TipRanks.com, Leopold is a 4-star analyst with an average return of 9.8% and a 61.0% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and Dell Technologies.
Currently, the analyst consensus on Arista Networks is a Moderate Buy with an average price target of $346.50, which is a 12.4% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
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Arista Networks’ market cap is currently $23.37B and has a P/E ratio of 35.00. The company has a Price to Book ratio of 8.09.
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Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System(EOS) a set of network applications and Ethernet switching and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.
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