Needham raised the firm’s price target on Arista Networks (ANET) to $215 from $210 and keeps a Buy rating on the shares. The company reported “another classic Arista quarter” with revenue growth ahead of target and also raised its outlook, the analyst tells investors in a research note. Arista’s margins are now significantly above Cisco’s (CSCO) 35% even as Arista takes significant share, the firm added.
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