Arista Networks (ANET) Reiterated Top Pick at Evercore ISI After Handily Beating Earnings
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Rating Summary:
31 Buy, 15 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $160.00 price target on Arista Networks (NYSE: ANET) highlighting the company as his top pick after reporting impressive $825M/$0.82 vs. the street at $790M/$0.74. This amounts to 27% growth despite continued supply chain headwinds.
The analyst stated "Arista remains a core name to own and near-term margin headwinds do not impact the long-term narrative as the company is positioned to sustain high teens top line growth over the next few years pushing the company towards a $3.50+ EPS run-rate over the next 1-2 years."
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 $122.82 yesterday.
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