TickerBrief

ANET · Arista Networks, Inc.

Arista Networks Inc ANET

Designs and sells cloud networking equipment, including switches and routers, for data centers and campus environments.

Industry
Communications
Listed on
New York Stock Exchange
IPO
2014-06-06
Website
arista.com

Daily brief

Arista Networks gets bullish initiation from Deutsche Bank despite tech selloff

-3.29% to $189.26 from $195.69

What moved ANET

  • Deutsche Bank initiated coverage of Arista Networks with a Buy rating and a $220 price target.
  • The call was among several new Deutsche Bank initiations in networking and infrastructure names released Tuesday.
  • Shares nonetheless traded lower on the day, part of a broader retreat in technology and chip stocks as bond yields rose on renewed U.S.-Iran tensions.

Sources: 24/7 Wall St. · AOL · Yahoo Finance

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