MKM Partners downgraded Arista Networks (NYSE:ANET) from Buy to Neutral in a report released today.
- Updated: September 18, 2016
Displaying a price of $85.03, Arista Networks (NYSE:ANET) traded 0.00% even on the day. With the last stock close up 22.83% from the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. The company has been tracking to a 50-day average of $76.53 and two hundred day average of $69.23. Volume of trade was was up over the average, with 1,174,003 shares of ANET changing hands over the typical 746,158 shares.
MKM Partners has downgraded Arista Networks(NYSE:ANET) from Buy to Neutral in a statement released 9/19/2016.
On 9/14/2016, Deutsche Bank released a statement on Arista Networks(NYSE:ANET) upped the target price from $80.00 to $85.00. At the time, this suggested an upside of 0.02%.
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A total of 21 analysts have reported on Arista Networks. Zero rate the stock a strong buy, 0 rate the company a buy, 0 firms rate the stock a hold, 0 rate the stock to underperform, and finally 0 firmsrate the stock as sell with a one year target of $79.30
Arista Networks has a 52 week low of $52.51 and a 52 week high of $85.10 with a price-earnings ratio of 42. The company’s market cap is currently $0.0.
General Information 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, and 7300X Series Spline switches and its 7500E Series spine switches.
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