Arista Networks (NYSE:ANET) has been upgraded from Underperform to Neutral in a report by BofA Merrill today.
- Updated: November 27, 2016
Just yesterday Arista Networks (NYSE:ANET) traded -0.56% lower at $94.48. Arista Networks’s 50-day moving average is $85.56 and its 200-day moving average is $77.32. The last closing price is up 22.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 365,498 shares of ANET traded hands, down from an average trading volume of 679,645
BofA Merrill has upgraded Arista Networks (NYSE:ANET) from Underperform to Neutral in a report released on Tuesday November 22, 2016.
Previously on 11/18/2016, Stifel Nicolaus reported on Arista Networks (NYSE:ANET) increased the target price from $0.00 to $102.00. At the time, this indicated a possible upside of 0.16%.
Recent Performance Chart
Arista Networks has 52 week low of $52.51 and a 52 week high of $95.47 with a PE ratio of 40.94 and has a market capitalization of $0.
In addition to BofA Merrill reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $79.30 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Arista Networks (NYSE:ANET)
Arista Networks, Inc. is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The Company's cloud networking solutions consist of its Extensible Operating System (EOS), which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches. EOS is purpose-built to be programmable and modular. The programmability of EOS allows it to create a set of software applications that address the requirements of cloud networking, including workflow automation, network visibility and analytics, and allows it to integrate with a range of third-party applications for virtualization, management, automation, orchestration and network services. It offers a product line of data center 10/25/40/50/100 Gigabit Ethernet switches comprising its 7050X Series, 7060X Series, 7150 Series, 7260 Series, 7280 leaf switches, 7300X Series Spline switches and its 7500E Series spine switches.
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