Arista Networks, Inc. (ANET) Raised to Overweight at Morgan Stanley

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Finally, 1832 Asset Management L.P. purchased a new position in Arista Networks during the third quarter valued at approximately $30,091,000.

The counter witnessed a trading volume of 1.64 million shares versus an average volume of 0.43 million shares during last trading session. LS Investment Advisors LLC acquired a new position in Arista Networks during the second quarter valued at $119,000. PNC Financial Services Group Inc. now owns 740 shares of the technology company's stock valued at $111,000 after buying an additional 126 shares during the period.

Most investors are likely looking for that next stock that is ready to take off running. FMR LLC now owns 2,488,290 shares of the company's stock valued at $240,792,000 after buying an additional 766,800 shares during the last quarter. ANET exchanged 0.91 million shares in recent session versus to the average volume of 0.81 million shares while its relative volume is 1.12.

The current consensus rating on Arista Networks (NYSE:ANET) is Buy (Score: 2.61) with a consensus target price of $165.04 per share, a potential 13.62% downside. William Blair raised shares of Arista Networks from a "market perform" rating to an "outperform" rating in a research report on Friday, August 4th. Deutsche Bank AG set a $156.00 price objective on Arista Networks and gave the stock a buy rating in a research note on Saturday, May 27th. They noted that the move was a valuation call. The firm has "Underperform" rating by Bank of America given on Monday, June 27. Twelve research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company.

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Yesterday Arista Networks (NYSE:ANET) traded -5.35% lower at $180.59.

In other news, VP Mark Stephen Smith sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $149.09, for a total transaction of $1,503,274.47. The Sr VP now owns $3,378,025 of the stock per the Form 4 SEC filing. Also, insider Anshul Sadana sold 21,000 shares of the business's stock in a transaction that occurred on Monday, March 20th. Pittenger & Anderson has an ownership of 1,665 stocks of the technology firms shares valued $249,000 following purchasing an extra 325 shares through out the quarter. Ita M. Brennan, Sr VP disclosed the sale of 5,000 shares. In the last three months, insiders have sold 426,117 shares of company stock valued at $73,000,105. Institutional owners hold 61.60% stake in the company while Insiders ownership held at 0.20%. Over the past week, Arista Networks, Inc. (NYSE:ANET) Cheap From Peers? Arista Networks has $225 highest and $10 lowest target. The company has a market cap of $13.38 billion, a P/E ratio of 47.60 and a beta of 1.30. The firm has a 50 day moving average price of $125.70 and a 200 day moving average price of $99.73. Stifel Nicolaus maintained Arista Networks Inc (NYSE:ANET) rating on Thursday, July 20.

In conclusion, while 1) it is encouraging that Microsoft's use of Arista's technology has continued to increase even after publicly announcing SONiC past year, 2) Arista Networks features prominently in its architectural slides, and 3) the level of internal IT and networking know-how required to develop a disaggregated switch on SONiC is likely only available to the very largest webscale vendors, it is also true that Microsoft knows a thing or two about developing operating systems and is now working in its own Azure networking layer, which could potentially lead to a change in Arista's relationship with its largest customer over the long term. Arista Networks had a return on equity of 20.69% and a net margin of 16.15%. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business's revenue was up 50.8% compared to the same quarter past year. Analysts forecast EPS of $1.03, up exactly $0.34 or 49.28 % from 2014's $0.69 EPS.

Bori features the diagram of a Facebook (FB) data center, at the top of this post, as an example of how Arista is better suited to cloud computing networking models. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

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