Arista Networks (ANET) Ramps Higher; 73% New Ratings Positive

Arista Networks (NYSE: ANET) is reacting well (+9.8%) to new Wall Street coverage as the quiet period ends. StreetInsider.com's Rating Insider notes 11 buy-leaning ratings versus 4 neutral-leaning ratings.

Among the most notable, BofA/Merrill Lynch initiated coverage with a Buy rating and a price target of $74.00. Analyst Tal Liani notes impressive 71% revenue CAGR over the last three years and model 34% revenue CAGR through 2016 and expect margins to expand from 12% in 2014 to 19% in 2016.

Credit Suisse also launched with a Buy and set the Street-High price target of $90.

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