Morgan Stanley Cautious on Arista Networks (ANET) Ahead of Quarterly Results

Morgan Stanley analyst James Faucette reiterated an Equalweight rating and $275.00 price target on Arista Networks (NYSE: ANET) ahead of Q3 2019 earnings on Thursday, October 31st AMC. The analyst is cautious on the quarter noting reduced visibility into new opportunities and concerns over hyperscale revenue.

The analyst stated "We sense bifurcation on ANET as investors weigh scenarios ranging from a more positive view on management's ability to set up expectations for upside, to a more bearish view that numbers need to come down to account for delayed 400G cycle timing. We lean towards the more positive end, but risks tied to reduced clarity in hyperscale ahead of potential upside drivers leaves us balanced at current levels".

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 $244.36 yesterday.

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