IPO Stock Watch: Arista Networks Hits High — Briefly

By | September 8, 2014

Scalper1 News

Cloud-computing company Arista Networks (ANET) hit a new high of 93.94 Monday, after FBN Securities launched coverage with an outperform rating and a price target of 105. But in the afternoon, Arista stock abruptly reversed course, eventually closing down 3.8% at 87.66. Volume was about double the average. Arista stock went public at 43 in an early-June IPO , and formed a somewhat substandard cup-with-handle base over the course of July and Scalper1 News

Scalper1 News