In a report released today, Thomas Blakey from KeyBanc reiterated a Buy rating on Arista Networks (ANET – Research Report), with a price target of $306.00. The company’s shares closed yesterday at $280.88.
According to TipRanks, Blakey is a 4-star analyst with an average return of 12.8% and a 64.08% success rate. Blakey covers the Technology sector, focusing on stocks such as Juniper Networks, Arista Networks, and Pure Storage.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arista Networks with a $292.57 average price target, which is a 4.16% upside from current levels. In a report released today, JMP Securities also reiterated a Buy rating on the stock with a $325.00 price target.
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Based on Arista Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.51 billion and a net profit of $545.33 million. In comparison, last year the company earned a revenue of $1.18 billion and had a net profit of $354 million
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Arista Networks (ANET) Company Description:
Incorporated in 2004, Arista Networks, Inc. is a computer networking company based in California. The company is engaged in the development, marketing, and sale of cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
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