Arista Networks, Inc. Reports First Quarter 2018 Financial Results
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Argus Reiterates Buy on Arista Networks (ANET) Following 1Q
May 7, 2018 9:00 AM EDTArgus reiterated a Buy rating and $280.00 price target on Arista Networks (NYSE: ANET) following the company's 1Q earnings report. ANET fell 7% following a solid 1Q. However, guidance merely matched the pre-reporting consensus for 2Q18. With spending by cloud service providers continuing to grow,... More
Arista Networks (ANET) PT Lowered to $280 at RBC Capital
May 4, 2018 8:25 AM EDTRBC Capital lowered its price target on Arista Networks (NYSE: ANET) to $280.00 (from $295.00) while maintaining a Outperform rating.
Analyst Mitch Steves commented, "Arista reported solid results across the board, however full year revenue growth expectations were below investor expectations (25% commentary, buyside at 30%). Overall, the... More
Arista Networks (ANET) PT Lowered to $315 at Goldman Sachs
May 4, 2018 6:56 AM EDTGoldman Sachs lowered its price target on Arista Networks (NYSE: ANET) to $315.00 (from $340.00) while maintaining a Buy rating following the company's 1Q earnings report. Analyst Rod Hall estimates that product revenues declined 7%Y/Y in FQ1, when adjusted for the recognition of previously deferred 945 related... More
Arista Networks (ANET) Tops Q1 EPS by 15c
May 3, 2018 4:06 PM EDTArista Networks (NYSE: ANET) reported Q1 EPS of $1.66, $0.15 better than the analyst estimate of $1.51. Revenue for the quarter came in at $472.5 million versus the consensus estimate of $463.36 million.
GUIDANCE:
Arista Networks sees Q2 2018 revenue of $500-514 million, versus the consensus of... More
