After meeting with Arista's management, Pacific Crest is more confident that demand for the company's products remains strong, despite competitive posturing and lawsuits. The firm says that the company is in the early innings of gaining share at enterprises. It keeps an $80 price target and Outperform rating on the shares.
Analysts, along with Cosmo Romero, Senior Sales Engineer, NuHarbor Security, discuss Cloudflare, Fastly and Security at the edge (relevant companies NET, FSLY, AKAM, AMZN, ANET, CSCO, EGIO, GOOGL, MSFT, NTAP, PANW, ZS) on an Analyst/Industry conference call to be held on May 10 at 1 pm.
Barclays raised the firm's price target on Arista Networks to $320 from $311 and keeps an Overweight rating on the shares post the Q1 report. The company beat and increased the full-year guide after seeing Q1 strength across the board, the analyst tells investors in a research note. The firm still sees meaningful upside to 2025 estimates on artificial intelligence backend and market share gains.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here