Arista Networks (ANET) Crushes Q2 EPS by 22c; Guides Above the Street

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Go back to Arista Networks (ANET) Crushes Q2 EPS by 22c; Guides Above the Street

Arista Networks (ANET) PT Lifted to $90 on Classic 'Beat and Raise'

August 8, 2014 7:34 AM EDT

Needham & Company analyst Alex Henderson reiterated a Buy rating and boosted his price target on Arista Networks (NYSE: ANET) to $90.00 (from $75.00) following a classic 'beat and raise' Q2.

Henderson commented, "Arista crushed estimates and guidance. Revenues came in 9.5% above forecast at $137.9 million compared to our and Street estimates of $126.0 million. Further, Revenues increased a sparkling 63.7% year-over-year and 17.7% Q-Q. EPS was even more... More