Wells Fargo analyst Aaron Rakers maintained a Hold rating on Arista Networks (ANET) on December 6. The company’s shares closed last Monday at $190.21, close to its 52-week low of $173.31.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 14.8% and a 63.0% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Dell Technologies, and Western Digital.
Currently, the analyst consensus on Arista Networks is a Moderate Buy with an average price target of $203.32.
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Based on Arista Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $209 million. In comparison, last year the company had a net profit of $168 million.
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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.
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