Arista Networks Inc (NYSE:ANET) a Buy: Needham

In a research note issued to investors, Alex Henderson at Needham Reiterated their Buy rating on Arista Networks Inc (NASDAQ:ANET). The analyst placed a $95.00 price target on the stock which indicates a 40.26% upside to the last closing price. In the year following Henderson’s ratings, the stocks covered yield an average return of 2.8% according to In the past year 50 out of 98 recommendations or 51% were successful.

In looking at the consensus numbers, the sell-side analysts covering the stock have a mean target price of $79.3 for Arista Networks, Inc. (NYSE:ANET). This number is the mean estimate from the 15 research brokerages that recently issued reports on the firm.

According to Wall Street, Arista Networks, Inc. (NYSE:ANET) is expected to report earnings per share for the current fiscal quarter of $0.41. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.41.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell, has the equity is ranked 1.85 based on 15 broker recommendations. Of the 15 analyst estimates, the most bullish sees the stock reaching $110 within the next 12 months while the most bearish analyst sees the stock at $52.5 within the year.

Taking a look at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.75. The high end estimate for this time frame is $2.13 with the low being $1.47. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 24.39%, based on 5 analysts providing projections.