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Fly News Breaks for January 4, 2016
CSCO, ANET
Jan 4, 2016 | 06:58 EDT
Oppenheimer analyst Ittai Kidron upgraded Arista Networks (ANET) to Outperform from Perform, stating that his work and talks with experts has him convinced that Cisco (CSCO) will likely win some claims in its patent fight with Arista but will not disrupt the latter's business. The analyst, who views cloud as an opportunity rather than a risk for Arista, set a $90 price target on the stock.
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