Arista Networks (ANET) Receives a Buy from Evercore ISI
Evercore ISI analyst Amit Daryanani maintained a Buy rating on Arista Networks (ANET – Research Report) yesterday and set a price target of $105.00. The company's shares closed yesterday at $89.68.
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According to TipRanks, Daryanani is a 5-star analyst with an average return of 12.6% and a 58.61% success rate. Daryanani covers the Technology sector, focusing on stocks such as Apple, Arista Networks, and Amphenol.
In addition to Evercore ISI, Arista Networks also received a Buy from William Blair's Sebastien Naji in a report issued on June 16. However, on June 11, Exane BNP Paribas downgraded Arista Networks (NYSE: ANET) to a Hold.
Based on Arista Networks' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2 billion and a net profit of $813.8 million. In comparison, last year the company earned a revenue of $1.57 billion and had a net profit of $637.7 million
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