Finally Time To Raise Your Stake? BofA Merrill Upgrades Arista Networks (ANET) Shares

Arista Networks, Inc. (NYSE:ANET) Logo

Arista Networks (ANET) Stock Upgrade

Shares of Arista Networks (ANET) were upped by research professionals at BofA Merrill from a “Neutral” rating to a solid “Buy” rating via an analyst report revealed on Thursday morning.

The stock increased 3.79% or $8.7 during the last trading session, reaching $238.43. About 1.31 million shares traded or 35.34% up from the average. Arista Networks, Inc. (ANET) has risen 54.10% since December 7, 2017 and is uptrending. It has outperformed by 38.48% the S&P500.

Analysts await Arista Networks, Inc. (NYSE:ANET) to report earnings on February, 21. They expect $1.80 EPS, up 24.14 % or $0.35 from last year’s $1.45 per share. ANET’s profit will be $135.77M for 33.12 P/E if the $1.80 EPS becomes a reality. After $1.83 actual EPS reported by Arista Networks, Inc. for the previous quarter, Wall Street now forecasts -1.64 % negative EPS growth.

Arista Networks, Inc. supplies cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $17.98 billion. The companyÂ’s cloud networking solutions consist of its Extensible Operating System and a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It has a 73.59 P/E ratio. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services.

More notable recent Arista Networks, Inc. (NYSE:ANET) news were published by: Seekingalpha.com which released: “Premarket analyst action – Seeking Alpha” on September 26, 2018, also Fool.com with their article: “Why Arista Networks Stock Jumped Nearly 17% in August – The Motley Fool” published on September 09, 2018, Investorplace.com published: “Thank Wall Street Later, Buy Arista Stock Today – Investorplace.com” on September 27, 2018. More interesting news about Arista Networks, Inc. (NYSE:ANET) were released by: Fool.com and their article: “Could Cisco Systems Be a Millionaire-Maker Stock? – The Motley Fool” published on November 25, 2018 as well as Seekingalpha.com‘s news article titled: “Arista +7.4% on near-30% revenue gains – Seeking Alpha” with publication date: November 01, 2018.

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