Tag Archives: anet

IPO Stock Watch: Arista Networks Up On New Buy Rating

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.

IPO Stock Watch: Arista Networks Hits High — Briefly

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

IPO Stock Watch: Arista, TrueCar Q2 Earnings Beat

Recent IPOs Arista Networks and TrueCar late Thursday both beat Wall Street consensus estimates with their first earnings reports since going public. Arista Networks (ANET), a provider of networking equipment that competes with Cisco Systems (CSCO) and others, reported second-quarter revenue of $137.9 million, up 65% from the year-earlier quarter and above the consensus estimate of $125 million. Arista stock was up more than 9% in after-hours