Citigroup initiated coverage on Arista Networks with a new price target
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Citigroup initiated coverage of Arista Networks with a rating of Neutral and set a new price target of $160.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/27/2024 | $330.00 → $385.00 | Buy | Citigroup |
| 5/3/2024 | $240.00 → $320.00 | Hold → Buy | Jefferies |
| 4/12/2024 | $210.00 | Buy → Sell | Rosenblatt |
| 1/8/2024 | Hold → Buy | Melius | |
| 12/14/2023 | $220.00 → $300.00 | Buy | Citigroup |
| 10/31/2023 | $185.00 → $220.00 | Equal-Weight → Overweight | Morgan Stanley |
| 10/11/2023 | $190.00 | Overweight → Neutral | Piper Sandler |
| 8/31/2023 | $177.00 → $220.00 | Neutral → Buy | Citigroup |
Citigroup reiterated coverage of Arista Networks with a rating of Buy and set a new price target of $385.00 from $330.00 previously
Jefferies upgraded Arista Networks from Hold to Buy and set a new price target of $320.00 from $240.00 previously
Rosenblatt downgraded Arista Networks from Buy to Sell and set a new price target of $210.00
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Strengthened leadership reflects continued focus on innovation Arista Networks (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large data center, campus and routing environments, today announced the appointment of Chantelle Breithaupt as the company's CFO effective February 2024. Breithaupt comes to Arista with over 25 years of global financial roles. She will be joining the leadership team, having served as senior vice president and CFO of Aspen Technology (NASDAQ:AZPN). Prior to that she had executive finance roles at Cisco Systems and across four GE businesses. "I am excited to be joining Arista in this time of growth and transformation and look forwa
Deep-pocketed investors have adopted a bearish approach towards Arista Networks (NYSE:ANET), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ANET usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 37 extraordinary options activities for Arista Networks. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 29% leaning bullish and 48% bearish. Among these notable o
Wells Fargo analyst Aaron Rakers maintains Arista Networks (NYSE:ANET) with a Overweight and raises the price target from $340 to $390.
Arista Networks's (NYSE:ANET) short percent of float has fallen 23.97% since its last report. The company recently reported that it has 3.36 million shares sold short, which is 1.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.2 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
Arista Networks, Inc. (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus and routing environments, today announced financial results for its third quarter ended September 30, 2024. Third Quarter Financial Highlights "Arista remains at the forefront of next generation centers of data across client-to-cloud and AI focused locations," said Jayshree Ullal, Chairperson and CEO of Arista Networks. "Our Q3 2024 results once again demonstrate our continued commitment to customer priorities as well as delivering strong financial results." Revenue of $1.811 billion, an increase of 7.1% compared to the second quarter of 2024, and an increas
Announces participation in upcoming investor events Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended September 30th, 2024 after U.S. markets close on Thursday, November 7th, 2024. The results will be included in a press release with accompanying financial information that will be posted on the Investor Relations section of the Arista website at https://investors.arista.com. Arista's executive management team will host a conference call on November 7th, beginning at 1:30 p.m. PT (4:30 p.m. ET) to discuss financial results and business highlights. Interested parties may access the call by dialing (888) 330-2502 in the United States or +1 (240) 789-2
Arista Networks, Inc. (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus and routing environments, today announced financial results for its second quarter ended June 30, 2024. Second Quarter Financial Highlights "On the heels of our June celebration of 10 years as a public company, I would again like to thank our customers, employees and partners for contributing to our success as we arrived at this important milestone," said Jayshree Ullal, Chairperson and CEO of Arista Networks. "Our Q2 2024 financial results demonstrate Arista's powerful combination of growth, profitability and best of breed platforms." Revenue of $1.690 b
Arista Networks, Inc. (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus and routing environments, today announced financial results for its third quarter ended September 30, 2024. Third Quarter Financial Highlights "Arista remains at the forefront of next generation centers of data across client-to-cloud and AI focused locations," said Jayshree Ullal, Chairperson and CEO of Arista Networks. "Our Q3 2024 results once again demonstrate our continued commitment to customer priorities as well as delivering strong financial results." Revenue of $1.811 billion, an increase of 7.1% compared to the second quarter of 2024, and an increas
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Announces participation in upcoming investor events Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended September 30th, 2024 after U.S. markets close on Thursday, November 7th, 2024. The results will be included in a press release with accompanying financial information that will be posted on the Investor Relations section of the Arista website at https://investors.arista.com. Arista's executive management team will host a conference call on November 7th, beginning at 1:30 p.m. PT (4:30 p.m. ET) to discuss financial results and business highlights. Interested parties may access the call by dialing (888) 330-2502 in the United States or +1 (240) 789-2
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4 - Arista Networks, Inc. (0001596532) (Issuer)
4 - Arista Networks, Inc. (0001596532) (Issuer)
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