Arista Networks (ANET): New Buy Recommendation for This Technology Giant
Citi analyst Atif Malik maintained a Buy rating on Arista Networks today and set a price target of $176.00.
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Malik covers the Technology sector, focusing on stocks such as Nvidia, Marvell, and Apple. According to TipRanks, Malik has an average return of 40.2% and a 76.97% success rate on recommended stocks.
In addition to Citi, Arista Networks also received a Buy from Needham’s Ryan Koontz in a report issued today. However, on February 10, Rosenblatt Securities maintained a Hold rating on Arista Networks (NYSE: ANET).
Based on Arista Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.31 billion and a net profit of $853 million. In comparison, last year the company earned a revenue of $1.81 billion and had a net profit of $747.94 million
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