JMP Securities Maintains Market Outperform Rating for Arista Networks: Here's What You Need To Know

JMP Securities has decided to maintain its Market Outperform rating of Arista Networks ANET and raise its price target from $165.00 to $200.00.

Shares of Arista Networks are trading down 5.88% over the last 24 hours, at $163.86 per share.

A move to $200.00 would account for a 22.06% increase from the current share price.

About Arista Networks

Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.