Arista Networks (NYSE:ANET) has been upgraded from Underperform to Neutral in a statement by Bank of America (Merrill Lynch) earlier today.
- Updated: November 26, 2016
Boasting a price of $94.84, Arista Networks (NYSE:ANET) traded -0.56% lower on the day. With the last stock price close up 22.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Arista Networks has recorded a 50-day average of $85.56 and a two hundred day average of $77.32. Volume of trade was down over the average, with 365,498 shares of ANET changing hands under the typical 679,645
Bank of America (Merrill Lynch) has upgraded Arista Networks (NYSE:ANET) from Underperform to Neutral in a statement released on 11/22/2016.
On Friday November 18, 2016, Stifel Nicolaus released a statement for Arista Networks (NYSE:ANET) bumped up the target price from $0.00 to $102.00 that suggested an upside of 0.16%.
With a total market value of $0, Arista Networks has price-earnings ratio of 40.94 with a one year low of $52.51 and a one year high of $95.47 .
A total of 21 equity analysts have released a ratings update on ANET. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $79.30.
Brief Synopsis About 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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