Barclays raised the firm’s price target on Arista Networks (ANET) to $495 from $341 and keeps an Overweight rating on the shares. The company beat Q3 estimates and guided next year to 15%-17%, slightly lower than expectations but likely conservative, the analyst tells investors in a research note. The firm is encouraged by Arista’s artificial intelligence ramp as well as share gains in campus and routing.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANET:
- Arista Networks’ Strong Q3 2024 Financial Results
- Closing Bell Movers: Toast gains 19% afterhours after earnings beat
- Arista Networks sees FY25 revenue growth of 15%-17% year-over-year
- Airsta Networks reports Q3 adjusted EPS $2.40, consensus $2.08
- Arista Networks sees Q4 revenue $1.85B-$1.9B, consensus $1.81B