Arista Networks (NYSE:ANET) Loses Hold Rating

March 19, 2018 - By Hazel Jackson

 Arista Networks (NYSE:ANET) Loses Hold Rating

Arista Networks (NYSE:ANET) Receives a Downgrade

Shares of Arista Networks (NYSE:ANET) were lowered to a Sell by equity analysts at Deutsche Bank. ANET’s rating of a Hold has been discontinued.

Arista Networks, Inc. (NYSE:ANET) Ratings Coverage

Among 35 analysts covering Arista Networks (NYSE:ANET), 17 have Buy rating, 1 Sell and 17 Hold. Therefore 49% are positive. Arista Networks has $340 highest and $10 lowest target. $209.33’s average target is -25.36% below currents $280.46 stock price. Arista Networks had 125 analyst reports since July 29, 2015 according to SRatingsIntel. DA Davidson initiated Arista Networks, Inc. (NYSE:ANET) rating on Wednesday, January 25. DA Davidson has “Buy” rating and $118 target. On Wednesday, January 6 the stock rating was initiated by JP Morgan with “Neutral”. The rating was initiated by Wells Fargo on Tuesday, November 14 with “Hold”. Oppenheimer maintained Arista Networks, Inc. (NYSE:ANET) on Wednesday, June 21 with “Buy” rating. As per Friday, August 4, the company rating was upgraded by JP Morgan. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, December 14. On Wednesday, February 21 the stock rating was maintained by BMO Capital Markets with “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 4 report. Gabelli downgraded the shares of ANET in report on Friday, February 16 to “Hold” rating. The stock has “Sell” rating by Goldman Sachs on Monday, November 2.

The stock decreased 4.51% or $13.26 during the last trading session, reaching $280.46. About 654,413 shares traded. Arista Networks, Inc. (NYSE:ANET) has risen 111.25% since March 19, 2017 and is uptrending. It has outperformed by 94.55% the S&P500.

Analysts await Arista Networks, Inc. (NYSE:ANET) to report earnings on May, 3. They expect $1.32 EPS, up 67.09 % or $0.53 from last year’s $0.79 per share. ANET’s profit will be $97.52M for 53.12 P/E if the $1.32 EPS becomes a reality. After $1.45 actual EPS reported by Arista Networks, Inc. for the previous quarter, Wall Street now forecasts -8.97 % negative EPS growth.

Arista Networks, Inc. supplies cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $20.72 billion. The companyÂ’s cloud networking solutions consist of its Extensible Operating System and a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It has a 52.43 P/E ratio. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services.

More notable recent Arista Networks, Inc. (NYSE:ANET) news were published by: which released: “Arista Networks Sells Off” on February 24, 2018, also with their article: “At $249.49, Arista Networks (ANET) a Strong Buy” published on February 19, 2018, published: “How Do Analysts See Arista Networks Inc (NYSE:ANET) Performing Over The Next Year?” on March 04, 2018. More interesting news about Arista Networks, Inc. (NYSE:ANET) were released by: and their article: “Arista stock falls after Deutsche Bank downgrades to sell” published on March 19, 2018 as well as‘s news article titled: “Arista Networks: Sell-Off Looks Promising, Waiting For A Slightly Greater Dip” with publication date: February 19, 2018.

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