JMP Securities analyst Erik Suppiger raised the firm’s price target on Arista Networks to $200 from $165 and keeps an Outperform rating on the shares. The firm is cautious entering the Q2 earnings season for IT infrastructure, and believes even priority investments are coming under increasing scrutiny before purchase orders are issued, the analyst tells investors in a research note. Arista is strategically positioned to lead its industry, the firm argues.
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Read More on ANET:
- Arista Networks price target raised to $206 from $172 at KeyBanc
- Arista Networks initiated with an Outperform at Exane BNP Paribas
- Arista Networks COO Sadana sells 13,504 common shares
- Arista Networks added to ‘Tactical Outperform’ list at Evercore ISI
- Needham security/networking analysts hold analyst/industry conference call
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