Needham & Company Starts Arista Networks (ANET) at Buy

Needham & Company initiates coverage on Arista Networks (NYSE: ANET) with a Buy rating and a price target of $75.00.

Analyst Alex Henderson said, "We believe Arista has the management DNA, product offerings, and technical superiority to win in the scaled out and private cloud markets. We believe Arista is arriving at scale with the right architecture to ride the growth of infrastructure serving the Big Data, Web 2.0/IaaS markets. Arista’s purpose-built, Linux based highly programmable products are best in class, in our view."

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 $62.39 yesterday.

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