This is a stock which has had great volatility when it comes to earnings, the risk reward at the moment may favour the long side, as the stock has held its long term uptrend despite numerous selloffs.
Analysts split on Arista networks.
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.
P/E ratio 27.15
Company profile
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. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.
Analysts split on Arista networks.
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.
P/E ratio 27.15
Company profile
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. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.