Arista Networks (ANET) Receives a Hold from Morgan Stanley

In a report released today, James Faucette from Morgan Stanley maintained a Hold rating on Arista Networks (ANETResearch Report), with a price target of $195.00. The company’s shares closed last Monday at $244.57.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 11.8% and a 77.4% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Q2 Holdings Inc.

Arista Networks has an analyst consensus of Moderate Buy, with a price target consensus of $216.67, representing a -11.4% downside. In a report released today, KeyBanc also downgraded the stock to Hold.

See today’s analyst top recommended stocks >>

Based on Arista Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $189 million. In comparison, last year the company had a net profit of $168 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.