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Fly News Breaks for May 5, 2017
CSCO, ANET
May 5, 2017 | 09:17 EDT
Needham analyst Alex Henderson raised his price target for Arista Networks (ANET) to $162 from $150 on the company's win in its patent suit with Cisco (CSCO) as 4 of 6 patents were tossed leaving two to work around. The analyst is confident Arista can put these to bed over the next year. He reiterates a Buy rating on Arista Networks' shares.
News For ANET;CSCO From the Last 2 Days
ANET
Apr 24, 2024 | 10:26 EDT
Bullish option flow detected in Arista Networks with 2,900 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 56.57%. Nov-24 270 calls and 4/26 weekly 275 calls are the most active options, with total volume in those strikes near 770 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 7th.
