Arista Networks forecasts Q4 revenue above estimates on higher enterprise spend

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Evercore ISI Removes Arista Networks (ANET) from Tactical Outperform List

October 31, 2023 10:33 AM EDT

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $210.00 price target on Arista Networks (NYSE: ANET)

The analyst comments "Despite heightened investor worries on the downside risk into the EPS call, ANET posted another solid beat and raise. Sept-qtr print came in at $1.51B/1.83 vs. street at $1.48B/1.58 as ANET saw revenue growth of +28% y/y driven by strength in... More