Goldman Sachs analyst Simona Jankowski downgraded Arista Networks (ANET) to Sell citing a deceleration in cloud spending, weak enterprise demand and risk to the multiple from the ongoing Cisco (CSCO) litigation. Jankowski cut her price target for shares to $58 from $73. The analyst this morning also initiated Pure Storage (PSTG) with a Neutral rating. Shares of Arista, a supplier of cloud networking solutions, closed Friday down 66c to $64.50.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here