IPO Stock Watch: Arista Networks Up On New Buy Rating

By | October 8, 2014

Scalper1 News

Arista Networks stock rose 7% Wednesday as coverage was initiated by MKM Partners with a buy rating and a price target of 115. Arista Networks (ANET) rose 7% to close at 88.47 on the stock market today. Analyst Michael Genovese said Arista is “an extraordinary growth and market share gain story in the data center switching market.” Arista launched its initial public offering on June 6, pricing at 43 and rising 28% on its first day of trading. Scalper1 News

Scalper1 News