JMP Securities Keeps a Buy Rating on Arista Networks (ANET)

In a report released today, Erik Suppiger from JMP Securities maintained a Buy rating on Arista Networks (ANETResearch Report), with a price target of $135.00. The company’s shares closed last Monday at $117.61.

According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 16.6% and a 52.6% success rate. Suppiger covers the Technology sector, focusing on stocks such as Cambium Networks, Varonis Systems, and Axon Enterprise.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $140.67 average price target, implying a 22.1% upside from current levels. In a report issued on July 19, Needham also upgraded the stock to Buy with a $128.00 price target.

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The company has a one-year high of $148.57 and a one-year low of $85.18. Currently, Arista Networks has an average volume of 2.01M.

Based on the recent corporate insider activity of 191 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ANET in relation to earlier this year.

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Incorporated in 2004, Arista Networks, Inc. is a computer networking company based in California. The company is engaged in the development, marketing, and sale of cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

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