Analysts Offer Insights on Technology Companies: Arista Networks (NYSE: ANET), Equinix (NASDAQ: EQIX) and Nice-Systems (NASDAQ: NICE)

By Ryan Adsit

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Arista Networks (NYSE: ANET), Equinix (NASDAQ: EQIX) and Nice-Systems (NASDAQ: NICE).

Arista Networks (NYSE: ANET)

In a report released yesterday, Mitch Steves from RBC Capital reiterated a Hold rating on Arista Networks (NYSE: ANET), with a price target of $115. The company’s shares opened today at $111, close to its 52-week high of $116.89.

According to TipRanks.com, Steves is a 5-star analyst with an average return of 25.1% and a 90.6% success rate. Steves covers the Technology sector, focusing on stocks such as Benchmark Electronics, Juniper Networks, and Sanmina-Sci Corp.

Currently, the analyst consensus on Arista Networks is Moderate Buy and the average price target is $111.73, representing a 0.7% upside.

In a report released today, Jefferies also upgraded the stock to Hold with a $100 price target.
Equinix (NASDAQ: EQIX)

RBC Capital analyst Jonathan Atkin reiterated a Buy rating on Equinix (NASDAQ: EQIX) yesterday and set a price target of $431. The company’s shares opened today at $373.85, close to its 52-week high of $391.07.

According to TipRanks.com, Atkin is a top 100 analyst with an average return of 14.1% and a 76.8% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Interxion Holding NV, and Zayo Group Holdings.

Currently, the analyst consensus on Equinix is Strong Buy and the average price target is $409.43, representing a 9.5% upside.

In a report released yesterday, SunTrust Robinson also maintained a Buy rating on the stock.
Nice-Systems (NASDAQ: NICE)

RBC Capital analyst Dan Bergstrom reiterated a Hold rating on Nice-Systems (NASDAQ: NICE) yesterday and set a price target of $77. The company’s shares opened today at $69.87, close to its 52-week high of $70.84.

According to TipRanks.com, Bergstrom is a 5-star analyst with an average return of 45.9% and a 100.0% success rate. Bergstrom covers the Technology sector, focusing on stocks such as Interactive Intelligence, Verint Systems Inc, and CommVault Systems.

Currently, the analyst consensus on Nice-Systems is Moderate Buy and the average price target is $76, representing an 8.8% upside.

In a report issued on February 10, Goldman Sachs also initiated coverage with a Hold rating on the stock with a $76 price target.

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