Needham & Company 'Robustly Bullish' on Arista Networks (ANET) After Spending Time with Management

Needham & Company reiterates a Buy rating and $95.00 price target on Arista Networks (NYSE: ANET) after spending a day with management. Analyst Alex Henderson is "robustly bullish on ANET," believing ANET is running strong again in CY2Q.

Henderson commented, "We are robustly bullish on ANET. We spent the day with Arista’s management in an NDR in the Pac-North West. ANET continues to sport a strong growth story that continues to unfold with additional potential over time. We believe Arista is running strong again in CY2Q. We think there is a mini-Data Center refresh helping the quarter. We also think ANET is gaining substantial market share, which suggests continued strong growth as Data Centers are refreshed. Arista's advantages are accelerating as the market shifts to more programmable and higher data rates. We strongly reiterate our Buy rating."

For an analyst ratings summary and ratings history on Arista Networks click here. For more ratings news on Arista Networks click here.

Shares of Arista Networks closed at $81.01 yesterday.

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