Arista Networks up as brokerages raise PT after Q3 revenue forecast

Arista Networks

31/07/2024 16:09

** Shares of cloud networking provider Arista Networks
 ANET.N  jumps nearly 9% to $339.17
    ** Several brokerages including Deutsche Bank and Barclays 
raise PT
    ** Deutsche Bank raises PT to $350 from $295; Barclays
raises PT to $341 from $320
    ** Co in after-market hours on Tuesday had forecast Q3
revenue above estimates
    ** Of 26 analysts covering ANET stock, 19 rate it "buy" or
higher; six rate it "hold" and one rates it "sell", median PT of
$355 - LSEG data
    ** Including session's move, stock is up nearly 43%, YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))