Oppenheimer Believes Arista Networks (NYSE: ANET) Won’t Stop Here

By Austin Angelo

In a report released today, Ittai Kidron from Oppenheimer reiterated a Buy rating on Arista Networks (NYSE: ANET). The company’s shares closed yesterday at $148.06, close to its 52-week high of $148.60.

According to TipRanks.com, Kidron is a 4-star analyst with an average return of 2.8% and a 52.9% success rate. Kidron covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Riverbed Technology.

Arista Networks has an analyst consensus of Moderate Buy, with a price target consensus of $140.92.

The company has a one year high of $148.60 and a one year low of $60.51. Currently, Arista Networks has an average volume of 769K.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

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Arista Networks, Inc. provides cloud networking solutions. Its extensible operating system supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks. The company cloud networking solutions consists of applications and ethernet switches. Its cloud networking solutions deliver industry-leading performance, scalability, availability, programmability, automation and visibility. Arista Networks was founded by Andreas Bechtolsheim, David Cheriton and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.