EOS News

Rosenblatt Securities Sticks to Their Hold Rating for Arista Networks

Rosenblatt Securities analyst Ryan Koontz maintained a Hold rating on Arista Networks (NYSE:) on Tuesday, setting a price target of $200, which is approximately 3.68% below the present share price of $207.64.

Koontz expects Arista Networks to post earnings per share (EPS) of $3.41 for the second quarter of 2020.

The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Arista Networks, with an average price target of $209.07.
The analysts price targets range from a high of $265 to a low of $150.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $552.55 million and a net profit of $175.99 million. The company’s market cap is $15.96 billion.

According to TipRanks.com, Rosenblatt Securities analyst Ryan Koontz is a 5-star analyst with an average return of 19.9% and a 63.9% success rate.

Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System() a set of network applications and Ethernet switching and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.

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Source: investing.com
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