Arista Networks, Inc. Reports Second Quarter 2018 Financial Results, with Record Earnings

Go back to Arista Networks, Inc. Reports Second Quarter 2018 Financial Results, with Record Earnings

Arista Networks (ANET) PT Lowered to $240 at MKM Partners

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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Arista Networks (ANET) PT Raised to $290 at RBC Capital

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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Piper Jaffray Remains Bullish on Arista Networks (ANET) Following 2Q

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