Arista Networks (ANET) Receives a Hold from Rosenblatt Securities


In a report released yesterday, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on Arista Networks (ANET), with a price target of $260.00. The company’s shares closed last Monday at $240.97.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 22.1% and a 62.2% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Juniper Networks, and Ciena Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $279.00 average price target, which is a 18.3% upside from current levels. In a report issued on October 3, Nomura also downgraded the stock to Hold with a $230.00 price target.

See today’s analyst top recommended stocks >>

Arista Networks’ market cap is currently $18.47B and has a P/E ratio of 26.83. The company has a Price to Book ratio of 7.30.

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.

Read More on ANET:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts