|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||229.47 - 234.63|
|52-week range||87.33 - 234.63|
|PE ratio (TTM)||60.34|
|Earnings date||14 Feb 2018 - 19 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||214.10|
Shares of Arista Networks (ANET) are up $7.04, or 3%, at $231.95, after Needham & Co.’s Alex Henderson this morning reiterated a Buy on the stock, and raised his price target to $230 from $217, after concluding that the company’s competitive threat to Cisco Systems (CSCO) is expanding, based both on Cisco’s results yesterday afternoon, and also remarks by Arista management at a networking conference. In enterprise accounts, in particular, writes Henderson, Arista is showing “exceptional” growth. "Post the Cisco call we think its pretty clear Arista is starting to bite into both Switching and Routing market shares in Enterprise and Service Providers.” Henderson is referring to Cisco’s conference call yesterday to discuss fiscal Q1 results and the Q2 outlook.
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Piper Jaffray’s James Fish this morning starts coverage of networker Arista Networks (ANET) with a Neutral rating, and a $230 price target, writing that the company’s likely to see more and more gains in network switching, helped by spending by cloud computing customers, but that the stock is too rich given potential legal challenges in 2018. Arista stock is up $2.78, or 1.3%, at $223.84. The company can continue to take share from Cisco Systems (CSCO), he writes: According to IDC, Arista has ~13% market share of the $11B data center Ethernet switching market.
Arista Networks (ANET) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision, along with decent short-term momentum.
Arista Networks (ANET:NYSE) By MKM Partners ($181.17, Nov. 3, 2017) We are at a Neutral rating on Arista Networks only because of valuation. Revenue guidance for the fourth quarter is $450 million-$464 million, with the midpoint representing 39% year-over-year and 4% quarter-over-quarter growth. Gross margins were projected at 63%-65%, signifying the company is back to its normal range now that the lawsuits are winding down.
Arista's (ANET) third-quarter results benefits from strong revenue growth driven by robust demand for 100-gigabit routing and switching products, particularly from cloud titans.
Shares of networker Arista Networks (ANET) are up $19.49, or almost 11%, at $200.66, extending last night’s gains after the company yesterday afternoon easily beat Q3 expectations, and forecast this quarter's revenue higher as well. Price targets are zooming today, into the $230 range, and the stock got at least one analyst raised his rating, D. A. Davidson’s Mark Kelleher, who raised it to Buy from Neutral, arguing that “visibility is growing” as to the "pace of market share seizure” from Cisco Systems (CSCO). “With new router products now in the market,” wrote Kelleher, "and the move to large cloud data centers accelerating, we believe the company is poised for years of strong growth and market share gains at Cisco Systems’ expense." Keller raised his price target to $224 from $180.
Stocks opened to uneven gains Friday as the Nasdaq led, while the Dow and S&P 500 managed only narrow advances.
Shares of Arista Networks Inc. rose 5% late Thursday after the cloud networking company reported adjusted third-quarter earnings and sales above expectations. Arista said it earned $133.7 million, or $1.68 ...
The Santa Clara, California-based company said it had net income of $1.68 per share. Earnings, adjusted for non-recurring gains, were $1.62 per share. The results surpassed Wall Street expectations. The ...
Arista Networks said Thursday that adjusted third-quarter earnings were $1.62 a share, nearly doubling from a year ago.
Offering a bright spot in an otherwise lackluster data center networking industry, Arista Networks (ANET) this afternoon reported Q3 revenue that was comfortably ahead of analysts' expectations, and profit per share that blew away the consensus, and forecast this quarter's revenue higher as well, sending its stock up about 5% in late trading. CEO Jayshree Ullal said she was "proud of our record results and profits." Revenue in the three months ended in September rose 51%, year over year, to $437.6 million, yielding EPS of $1.62, excluding some costs. Arista's gross profit margin in the quarter declined slightly to 64.1% from 64.2%.
Arista Networks, Inc. , an industry leader in software-driven cloud networking solutions for large datacenter and computing environments, today announced financial results for its third quarter ended September 30, 2017.
Networking equipment vendor Arista Networks (ANET), which reports this afternoon, after the closing bell, could be at risk from slumping spending at cloud computing operators, according to a note this morning from Needham & Co.’s Alex Henderson, who follows the shares of Arista along with Juniper Networks and various optical component suppliers including Oclaro (OCLR), which reported disappointing results last night, specifically citing weakness in its cloud, or “hyper scale,” market. "We are very worried about Arista Networks after the close,” writes Henderson. Arista has never missed a quarter since it came public.
ARRIS' (ARRS) Q3 results ride on an improved bottom line, driven by its strong product portfolio. However, the company's high-debt levels are a concern.