Jefferies upgraded Arista Networks (NYSE:ANET) from Underperform to Hold in a report released earlier today.
- Updated: February 17, 2017
Having a price of $100.17, Arista Networks (NYSE:ANET) traded -0.50% lower on the day. With the last close up 14.02% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the same period. Arista Networks has recorded a 50-day average of $96.23 and a two hundred day average of $87.85. Volume of trade was up over the average, with 1,794,696 shares of ANET changing hands over the typical 730,940
Jefferies has upgraded Arista Networks (NYSE:ANET) from Underperform to Hold in a statement released on Friday February 17, 2017.
With a total market value of $0, Arista Networks has price-earnings ratio of 43.33 with a one year low of $55.00 and a one year high of $103.00 .
A total of 21 analysts have released a report on Arista Networks. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $79.30.
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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