Arista Networks (ANET) Reiterated Top Pick at Evercore ISI After Handily Beating Earnings

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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