Arista Networks, Inc. Reports Second Quarter 2018 Financial Results, with Record Earnings
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August 3, 2018 12:28 PM EDT
MKM Partners lowered its price target on Arista Networks (NYSE: ANET) to $240.00 (from $270.00) while maintaining a Neutral rating.
Analyst Michael Genovese said the company reported a good quarter but noted a fairly steep deceleration in y/y growth due to tough comps.
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August 3, 2018 7:24 AM EDT
RBC Capital raised its price target on Arista Networks (NYSE: ANET) to $290.00 (from $280.00) while maintaining a Outperform rating.
Analyst Mitch Steves said the solid Q2 results was highlighted by 36.8% operating margins (well ahead of original guide set at 32-34%).
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August 3, 2018 7:00 AM EDT
Piper Jaffray reiterated an Overweight rating and $315.00 price target on Arista Networks (NYSE: ANET) following the company's 2Q earnings report. Arista Networks reported revenue of $520M (+28% Y/Y), which was above the Street expectations of $510M, and on point with what the channel checks implied... More
