In a report released today, Ittai Kidron from Oppenheimer maintained a Hold rating on Arista Networks (ANET). The company’s shares closed last Monday at $237.62.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 30.9% and a 71.3% success rate. Kidron covers the Technology sector, focusing on stocks such as Cambium Networks, Citrix Systems, and New Relic.
Arista Networks has an analyst consensus of Hold, with a price target consensus of $213.00, representing a -8.4% downside. In a report issued on January 30, Barclays also downgraded the stock to Hold with a $220.00 price target.
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Arista Networks’ market cap is currently $18.15B and has a P/E ratio of 25.04. The company has a Price to Book ratio of 6.83.
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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, a set of network applications; and Ethernet switching and routing platforms.
