Arista (ANET) reports better-than-anticipated Q1 print, shares down

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Arista Networks (ANET) PT Raised to $340 at Wells Fargo

May 8, 2024 6:16 AM EDT

Wells Fargo analyst Aaron Rakers raised the price target on Arista Networks (NYSE: ANET) to $340.00 (from $310.00) while maintaining a Overweight rating.

The analyst comments "ANET reported 1Q24 rev at $1.571B (+16% y/y & +2% q/q) vs. company's $1.52-$1.56B guide range (note: vs. 1%... More

Arista Networks (ANET) PT Raised to $295 at Deutsche Bank

May 8, 2024 5:49 AM EDT

Deutsche Bank analyst Matthew Niknam raised the price target on Arista Networks (NYSE: ANET) to $295.00 (from $260.00) while maintaining a Hold rating.

The analyst comments "We're raising our Arista estimates and price target to $295 (vs. $260 prior), on the back of stronger 1Q results... More

Arista Networks (ANET) Tops Q1 EPS by 25c; offers guidance

May 7, 2024 4:07 PM EDT

Arista Networks (NYSE: ANET) reported Q1 EPS of $1.99, $0.25 better than the analyst estimate of $1.74. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.55 billion.

GUIDANCE:

Arista Networks sees Q2 2024 revenue of $1.62-1.65 billion, versus the consensus... More