Evercore ISI is adding Arista Networks (ANET) to the firm’s “Tactical Outperform” list ahead of the company reporting results. Arista “should continue their track record of beating guidance and it’s possible we see one more increase to the full year guide,” says the analyst, who adds that hyperscale capex commentary will remain favorable across key Arista customers. The firm remains “positively biased here” as it thinks customer EPS calls from Meta (META) and Microsoft (MSFT) could be positive for Arista and maintain an Outperform rating and $200 price target on Arista shares.
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