Arista Networks added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Amit Daryanani is adding Arista Networks to the firm’s "Tactical Outperform" list as the analyst contends that Arista "should continue it’s track record of beats and raises" in the March quarter. The firm thinks Arista "can comfortably beat street expectations," driven by strong cloud tailwinds and better gross margins and Evercore maintains an Outperform rating and $180 price target on the stock, which it calls a top pick.