Arista Networks Receives a Hold from BMO Capital

By Austin Angelo

BMO Capital analyst Tim Long maintained a Hold rating on Arista Networks (NYSE: ANET) today and set a price target of $205. The company’s shares opened today at $306, close to its 52-week high of $311.67.

According to TipRanks.com, Long is a 5-star analyst with an average return of 19.8% and a 66.7% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Xtera Communications Inc.

Arista Networks has an analyst consensus of Moderate Buy, with a price target consensus of $270.08.

Based on Arista Networks’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $438 million and quarterly net profit of $134 million. In comparison, last year the company earned revenue of $328 million and had a net profit of $58.49 million.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Andreas Bechtolsheim, the CDO of ANET sold 132,370 shares for a total of $31,791,186.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Arista Networks, Inc. provides cloud networking solutions. It operates through the following geographical segments: United States, Other Americas, Europe, Middle East, and Africa, and Asia Pacific.