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Arista Networks added to Analyst Focus List at JPMorgan

Arista Networks added to Analyst Focus List at JPMorgan

JPMorgan analyst Samik Chatterjee added Arista Networks (ANET) to the firm’s Analyst Focus List while keeping an Overweight rating on the shares. The stock has pulled back on concerns related to artificial intelligence spending from cloud customers as well as company-specific concerns in relation to share loss to “White box” companies, the analyst tells investors in a research note. JPMorgan believes both concerns “have limited materiality.” Arista shares offer “ample room for upside,” both from earnings upsides as well as upside to the valuation multiple, contends the firm.

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